An Ethereum address linked to the Ethereum Foundation has recently made significant moves with its ETH holdings. On-chain data reveals that this address, starting with ‘0xf39d’, sold over 1,100 ETH in the past three days, totaling 7,294 ETH at an average price of $4,558, worth approximately $33.25 million. Further transfers included 16,000 ETH valued at around $71.45 million and 6 million DAI to a new wallet. Hsiao-Wei Wang, Co-Executive Director of the Ethereum Foundation, clarified that these sales are not related to the foundation’s actions. This address holds less than 0.3% of the total ETH supply following a significant allocation during the 2014 ICO, which saw approximately 9% of the ETH supply being allocated to the foundation.