PANews reported on July 11 that Hsiao-Wei Wang, co-executive director of the Ethereum Foundation (EF), stated on X that the address that sold 1210 ETH this morning does not belong to EF, but to the non-profit development organization Argot Collective, which was previously spun off from EF.

According to previous news, the Ethereum Foundation announced that it will provide 3 years of operational funding to Argot Collective to continue supporting its work on the Solidity language and other key open-source infrastructure for Ethereum.