According to Foresight News, Ethereum Foundation's Co-Executive Director Hsiao-Wei Wang clarified on social media that the recent sale of 2,794.87 ETH was not conducted by the foundation. During the 2014 ICO, approximately 9% of the total ETH supply was allocated to the Ethereum Foundation. Currently, the foundation holds less than 0.3% of the total ETH supply. Wang noted that over the past decade, numerous addresses associated with the foundation may be found.
Previously, Foresight News reported that an address linked to the Ethereum Foundation sold 1,100 ETH at an average price of $4,602.1, totaling around $5.06 million. Within two hours, the same address sold a total of 2,794.87 ETH, valued at approximately $12.78 million, with an average selling price of $4,574.4.
