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According to the latest monitoring results from the blockchain data analysis platform Onchain Lens, a wallet associated with the Ethereum Foundation has recently conducted a large-scale ETH transaction. This wallet sold a total of 6,194 ETH in the past two days, earning approximately 28.36 million DAI stablecoin. Among these, the most recent transaction occurred on the 15th, where 2,099 ETH was sold for about 9.61 million dollars.
It is worth noting that just 11 minutes after this transaction was detected, the wallet received an inflow of 3,000 ETH, worth approximately $13.69 million. Industry insiders speculate that this batch of newly transferred ETH is likely to be sold in the short term as well.
However, there is still some controversy regarding the nature of these transactions. Hsiao-Wei Wang, the co-executive director of the Ethereum Foundation, clarified on social media that a sale of 2,794.87 ETH previously pointed out by monitoring agencies was not an operation of the foundation.
Wang also provided some historical background information, explaining why there are so many addresses associated with the Ethereum Foundation. She pointed out that during the 2014 ICO of Ethereum, about 9% of the ETH supply was allocated to the Ethereum Foundation. However, after nearly a decade of development, the proportion of ETH currently held by the foundation has fallen to below 0.3% of the total supply. This means that over time, there are indeed a large number of addresses that were once associated with the foundation, but the current operations of these addresses do not necessarily represent the actions of the foundation.
This series of transactions has sparked extensive discussions within the cryptocurrency community. Some analysts believe that this may be a reaction from large holders to the current market conditions. There are also viewpoints that suggest that transactions of this magnitude could exert some pressure on the short-term price of ETH. However, considering the overall scale and liquidity of the Ethereum network, the impact of these transactions may be exaggerated.
Regardless, this event once again highlights the transparency of Blockchain and the community's sensitivity to large transactions. As the cryptocurrency market continues to mature, how to balance privacy and transparency, and how to correctly interpret on-chain data, will become topics that industry professionals need to continuously discuss.