The Ethereum Foundation did not sell 2,794.87 ETH recently reported; the amount of ETH currently owned by the Foundation is less than 0.3% of the total supply.
Information suggests that many addresses related to the Ethereum Foundation may exist due to ETH allocations from the 2014 ICO phase, accounting for about 9% of the initial total supply.
MAIN CONTENT
The Ethereum Foundation did not conduct the sale of 2,794.87 ETH as reported.
About 9% of ETH was allocated to the Foundation from the 2014 ICO.
The Foundation's current ETH ownership ratio is below 0.3% of the total supply.
How much ETH does the Ethereum Foundation actually own in the market?
According to confirmation from Hsiao-Wei Wang, co-director of the Ethereum Foundation, the amount of ETH belonging to the Foundation currently accounts for less than 0.3% of the total supply. This figure shows a significant decrease from about 9% allocated from the 2014 ICO.
The decrease in this holding percentage reflects the Foundation's long-term ETH management and distribution roadmap over more than a decade. This also helps mitigate risks affecting the market when large transactions occur from wallets related to the Foundation.
Owning a smaller amount of ETH allows the Foundation to focus on developing and maintaining the Ethereum ecosystem rather than directly impacting market prices through large transactions.
Why are there many addresses related to the Ethereum Foundation on the Blockchain?
The Ethereum Foundation allocated ETH from the 2014 ICO, resulting in the existence of numerous different addresses related to this organization. This is the reason for the confusion when some transactions from these addresses are mistakenly understood as official transactions of the Foundation.
Allocating ETH to multiple addresses helps increase security and flexibility in asset management, while also meeting financial goals and project development as per the outlined roadmap.
During operations, many transactions occur from wallets related to the Foundation, but this does not mean that the Foundation directly conducts those transactions.
The reported transactions do not belong to the Ethereum Foundation but are only related to addresses that may have been allocated during the ICO process and asset management.
Hsiao-Wei Wang, Co-director of the Ethereum Foundation (08/14/2023)
What is the impact of misunderstanding ETH transactions related to the Foundation?
Misunderstanding ETH transactions related to the Foundation can mislead investors, leading to unnecessary FUD (Fear, Uncertainty, Doubt) in the cryptocurrency market.
Inaccurate information affects investor psychology, causes short-term ETH price volatility, and influences trading decisions, especially for whales and large traders.
The public confirmation from Foundation leaders helps to clarify information, stabilize the market, and build sustainable trust from the Ethereum community in particular and the cryptocurrency community in general.
Frequently Asked Questions
How much ETH does the Ethereum Foundation currently hold?
The co-director of the Foundation confirms that this figure is below 0.3% of the current total ETH supply, a significant decrease from the 2014 ICO phase.
Is the transaction of 2,794.87 ETH carried out by the Ethereum Foundation accurate?
Official information denies that the Foundation is the party conducting this transaction.
Why are there many addresses related to the Ethereum Foundation?
Due to the wide allocation of ETH from the ICO and the need for diverse asset management across multiple wallet addresses.
How does misunderstanding ETH transactions affect the market?
It can cause FUD, create price volatility, and affect investor psychology.
How to know if an ETH transaction belongs to the Ethereum Foundation?
It should rely on official confirmations from the Foundation or reputable sources.
Source: https://tintucbitcoin.com/ethereum-ban-2-79487-eth-khong-quy/
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