Ethereum Foundation Denies Sale of Ether Tokens, Clarifies its Minimal Holdings

The Ethereum Foundation has issued a statement clarifying that the recent sale of 2,794.87 ETH was not conducted by them. This clarifies reports regarding the sale which saw an increase in selling activity across various addresses associated with the Ethereum Foundation, previously linked to a total transaction of approximately $5.06 million. Hsiao-Wei Wang, Co-Executive Director of the Ethereum Foundation confirmed on social media that the sale did not originate from the foundation’s operations. The Ethereum Foundation holds less than 0.3% of the total ETH supply and has seen addresses associated with it emerge over the past decade.