The Ethereum Foundation announced that it has no connection to the sale of 2,794.87 ETH, which occurred when ETH was trading above 4,500 USD.
Concerns arose about potential ‘dumping’ by the foundation, yet co-executive director Hsiao-Wei Wang clarified that the wallet involved is not controlled by the foundation.
The Ethereum Foundation is implementing reforms to enhance treasury management, focusing on transparency and better communication regarding ETH transactions.
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