A certain Ethereum Foundation affiliated address has once again sold 1100 ETH.

BlockBeats News, August 16, according to Onchain Lens monitoring, an Ethereum Foundation-related address starting with 0xf39d once again sold 1100 ETH.

Within the past 3 days, this address has sold a total of 7,294 ETH at an average price of $4558, with a total value of 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, Ethereum Foundation's Co-Executive Director Hsiao-Wei Wang stated that the address's selling behavior is not related to the Foundation's operations. During the 2014 ICO, about 9% of the total ETH supply was allocated to the Ethereum Foundation. Today, the amount of ETH held by the Ethereum Foundation is less than 0.3% of the total supply. Therefore, over a period of 10 years, numerous addresses associated with the Ethereum Foundation may be found.