According to ChainCatcher news, monitored by Onchain Lens, the Ethereum Foundation associated address starting with 0xf39d has sold another 1,100 ETH.
In the past 3 days, this address has sold 7,294 ETH, with an average price of $4,558, totaling approximately $33.25 million. Additionally, they transferred 16,000 ETH (approximately $71.45 million) and 6 million DAI to a new wallet.
Regarding the ownership of this whale address, Hsiao-Wei Wang, co-executive director of the Ethereum Foundation, stated that the selling behavior of this address is not an operation of the Foundation. In the 2014 ICO, about 9% of the ETH supply was allocated to the Ethereum Foundation. Today, the ETH supply held by the Ethereum Foundation is less than 0.3% of the total supply. Therefore, after 10 years, a large number of addresses associated with the Ethereum Foundation may be found.
