According to the latest reports, an Address associated with the Ethereum Foundation has recently conducted a large-scale sell of Ether (ETH). In just two hours, the Address sold 1694.8 ETH, with a total value of approximately 7.72 million dollars.

This move has attracted widespread attention in the cryptocurrency market. It is worth noting that the Address has not completely emptied its holdings of ETH. According to on-chain data, this Address still retains 1500 ETH.

Tracing the history of this Address, we find that it is closely related to the early development of Ethereum. About 8 years ago, this Address received a transfer of 20756 ETH from the Ethereum Foundation. Even more astonishingly, the earliest record of this Address dates back 10 years, when the price of Ether was only $0.875.

This large-scale dumping has sparked speculation in the market about the Ethereum Foundation's fund management strategy. Some analysts believe that this could be a normal fund allocation by the Foundation to support certain projects or meet operational needs. Others are concerned that this may indicate insiders' views on the price trend of ETH.

Regardless, this event once again highlights the potential impact of the movements of large institutions' holding addresses on the cryptocurrency market. Investors and market participants should closely monitor the activities of these important addresses to better understand market trends and potential risks.