Ethereum Foundation: Address that Sold 2794 ETH Yesterday Does Not Belong to the Foundation

BlockBeats News, August 14th, Hsiao-Wei Wang, Co-Executive Director of the Ethereum Foundation, stated on social media that "The address that sold 2794.87 ETH yesterday does not belong to the Foundation's operation. About 9% of the ETH supply was allocated to the Ethereum Foundation in the 2014 ICO. Today, the ETH supply held by the Ethereum Foundation accounts for less than 0.3% of the total supply. Therefore, after 10 years, you may find many addresses associated with the Ethereum Foundation."

BlockBeats previously reported that yesterday LookIntoChain monitoring reported that a certain Ethereum Foundation address had sold a cumulative total of 2794.87 ETH (worth $12.78 million) in just under two hours, with an average selling price of $4574.4.