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An Ethereum foundation associated address has sold 1100 ETH again.
On August 16, according to Onchain Lens monitoring, the Ethereum Foundation associated address starting with 0xf39d sold another 1,100 ETH. In the past 3 days, the address has sold 7,294 ETH at 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 issue of that Whale address, Hsiao-Wei Wang, co-executive director of the Ethereum Foundation, stated that the selling behavior of that 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, it is likely to find a large number of addresses associated with the Ethereum Foundation.