According to the latest monitoring by the blockchain data analysis platform Onchain Lens, an Ethereum wallet starting with the address 0xf39d sold 1100 ETH again on August 16. This action has drawn widespread attention in the crypto assets market.



In the past three days, this address has sold a total of 7,294 ETH at an average price of 4,558 USD, cashing out approximately 33.25 million USD. More notably, this address has also moved 16,000 ETH (worth about 71.45 million USD) and 6 million DAI stablecoins to a newly established Wallet Address.

This series of large-scale fund movements has sparked speculation in the market about the identity of the Address. Some believe that the Address may be related to the Ethereum Foundation. However, Hsiao-Wei Wang, the Co-Executive Director of the Ethereum Foundation, denied this, clearly stating that these transactions were not conducted by the foundation.

Wang also revealed some historical background information. She mentioned that during the Ethereum Initial Coin Offering (ICO) in 2014, about 9% of the initial supply of ETH was allocated to the Ethereum Foundation. However, after nearly a decade of development, the ETH currently held by the Ethereum Foundation is less than 0.3% of the total supply.

This explanation also implies that over time, there may be a large number of addresses with some historical connection to the Ethereum Foundation. The holders of these addresses may be early participants or investors, and their trading behavior does not represent the official stance of the Foundation.

In any case, this event once again highlights the transparency of Blockchain and the potential impact of large transactions on market sentiment. Investors and analysts will continue to closely follow such large transactions to assess their possible effects on ETH prices and the entire Crypto Assets market.
ETH-4.27%
DAI0.05%
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rugdoc.ethvip
· 08-18 15:13
Is it another Large Investor fleeing?
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MysteryBoxOpenervip
· 08-17 05:37
Another Large Investors have run away~
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WalletDivorcervip
· 08-16 01:52
Such a large amount is being poured in, is the bear back again?
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MetaMiseryvip
· 08-16 01:49
Large Investors are dumping again, it's so difficult!
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ImpermanentSagevip
· 08-16 01:36
That's enough, it's time to dump.
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StrawberryIcevip
· 08-16 01:29
Pro market warning!
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