Ethereum Foundation Refutes Sale of $12.8 Million ETH Amidst Treasury Shift

The Ethereum Foundation has refuted allegations that it was behind a significant sale of 12.8 million Ethereum tokens, clarifying that the address in question is no longer under their control. The foundation’s holdings now represent less than 0.3% of the total ETH supply, down from nearly 9% during the 2014 ICO. This comes as corporate Ethereum holdings exceed $14 billion, raising concerns about potential systemic risks.