Hsiao-Wei Wang stated that despite on-chain links, recent multi-million dollar ETH sales from a wallet tied to the foundation were not executed by the Ethereum Foundation, which now holds under 0.3% of ETH supply.
On August 16, Onchain Lens reported that an Ethereum address starting with 0xf39d, linked to the Ethereum Foundation, sold 1,100 ETH. Over the past three days, the address sold 7,294 ETH at an average price of $4,558, totaling about $33.25 million. It also transferred 16,000 ETH (roughly $71.45 million) and 6 million DAI to a new wallet. Ethereum Foundation Co-Executive Director Hsiao-Wei Wang clarified that these transactions were not conducted by the foundation. The foundation currently holds less than 0.3% of total ETH supply, down from around 9% at the 2014 ICO.