Ethereum Foundation Co-Executive Director Hsiao-Wei Wang just shut down the rumors — those big ETH sales? Not them.
🧐The Facts
2014 ICO: Ethereum Foundation got ~9% of all ETH at launch.
Today: They hold less than 0.3% of ETH’s total supply.
History: Many wallet addresses over the years have been linked (rightly or wrongly) to the Foundation.
💸The Rumour Mill
Foresight News earlier claimed an “Ethereum Foundation” wallet:
Sold 1,100 ETH @ $4,602 → ~$5.06M.
Then sold another 1,694.87 ETH @ $4,574 → ~$7.72M.
Total: 2,794.87 ETH sold in 2 hours → $12.78M.
🧠The Reality Check
Wang says no connection between that selling wallet and the Ethereum Foundation.
This might just be a whale move, not an institutional sell-off.
📊Market Mood
ETH is still trading near $4.5K range.
No official Foundation dump means less fear in the market.
⚠️ DYOR. Not financial advice.
Stay sharp and stay informed
