Ethereum Whale sells 7,294 ETH worth over $33 million in 3 days

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On August 16, according to monitoring, the Ethereum Foundation associated address starting with 0xf39d sold 1100 ETH again.

In the past 3 days, this Address has sold 7,294 ETH at an average price of 4,558 USD, with a total value of approximately 33.25 million USD. Additionally, they have transferred 16,000 ETH (approximately 71.45 million USD) and 6 million DAI to a new wallet.

Regarding the ownership issue of this whale Address, Hsiao-Wei Wang, the co-executive director of the Ethereum Foundation, stated that the selling behavior of this Address is not an operation of the Foundation. In the 2014 ICO, approximately 9% of the ETH supply was allocated to the Ethereum Foundation. Currently, the ETH supply held by the Ethereum Foundation is less than 0.3% of the total supply. Therefore, after 10 years, it is possible to find a large number of Addresses associated with the Ethereum Foundation.

ETH-1.65%
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OnChain_Detectivevip
· 10h ago
suspicious movement detected. investigating wallet history for red flags
Reply0
ser_ngmivip
· 08-16 01:04
The whale bass are all running, sent.
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OnchainDetectivevip
· 08-16 00:53
Runs quite fast, huh?
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AirdropFreedomvip
· 08-16 00:48
Large Investors continue to smash and smash.
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MevWhisperervip
· 08-16 00:41
Ah, selling again.
View OriginalReply0
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