[On-chain Analyst: Whale Address Labeled as "Ethereum Foundation Sell-Off" Lacks Evidence of Ownership; Actually the Largest ICO Buyer Among BAT Companies in 2017] On-chain analyst Specter pointed out in an article on the X platform that the whale address (0x5CBC6299faB3320E7758ac97fd4CA45E5B72209), which has recently sparked heated discussions in the community and has been accused of being involved in an "Ethereum Foundation (EF) related sell-off," has obvious flaws in its attribution labeling. It is actually an address of an early, highly active individual investor or independent institution. Source data shows that this address received 17,700 ETH (approximately $79 million USD) and 10 million DAI from address 0xF39 in August 2025.