14-8-2025 – The Ethereum Foundation did not sell 2,794.87 ETH recently, Co-Executive Director Hsiao-Wei Wang stated on social media, addressing speculation about a transaction valued at approximately $12.78 million. The sale, first reported by Foresight News, involved an address previously linked to the foundation, which sold the ETH at an average price of $4,574.4.Wang explained that during Ethereum’s 2014 Initial Coin Offering (ICO), the foundation received about 9% of the total ETH supply.
Over the past decade, its holdings have dwindled to less than 0.3% of the circulating supply. She noted that many addresses tied to the foundation from the ICO era may still exist, but not all transactions from these addresses reflect foundation activity. This clarification follows community concerns over the timing of the sale, which coincided with ETH prices surpassing $4,500.
The statement aims to address ongoing debates about the foundation’s ETH management strategy, which has faced scrutiny for periodic sales to fund operations. While the foundation has shifted toward DeFi protocols to generate sustainable yield, according to Wang, misattributed transactions continue to spark market speculation.
