Ethereum Foundation clarifies: 2794 ETH sell-off is not an official operation, holdings are less than 0.3%.

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[比推] According to a message on social media, Hsiao-Wei Wang, the co-executive director of the Ethereum Foundation, stated in a post that the address that sold 2794.87 ETH yesterday does not belong to the Foundation's operations. In the ICO of 2014, about 9% of the ETH supply was allocated to the Ethereum Foundation. Currently, the ETH supply held by the Ethereum Foundation is less than 0.3% of the total supply. Therefore, after 10 years, you may find a large number of addresses associated with the Ethereum Foundation.

Yesterday, a data platform reported that a certain Ethereum foundation address has cumulatively sold 2794.87 ETH (worth 12.78 million USD) in the past two hours, with an average selling price of 4574.4 USD.

ETH0.51%
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fomo_fightervip
· 10h ago
I can only sleep with one hand in ETH and the other in USDT.
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BearWhisperGodvip
· 11h ago
That's it, let's wrap it up.
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RektButStillHerevip
· 08-15 22:22
Cut Loss can't run away now.
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Rekt_Recoveryvip
· 08-14 01:58
hodling since 2014... still down 69% lmao rip
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BearMarketBardvip
· 08-14 01:56
It's not the foundation, who sold it?
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WenMoonvip
· 08-14 01:56
Who knows what is true or false?
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MEVEyevip
· 08-14 01:52
Another pump and dump operation?
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TommyTeacher1vip
· 08-14 01:43
With a position of only 0.3%, what are you shouting about?
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