On August 14, Hsiao-Wei Wang, the co-executive director of the Ethereum Foundation, stated on social media, "The address that sold 2794.87 ETH yesterday does not belong to the foundation's operations. In the 2014 ICO, approximately 9% of the ETH supply was allocated to the Ethereum Foundation. Currently, the amount of ETH 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."


BlockBeats previously reported that Lookonchain monitored that a certain Ethereum foundation address has cumulatively sold 2794.87 ETH (worth 12.78 million dollars) in the past two hours, with an average selling price of 4574.4 dollars.
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