The Ethereum Foundation transferred 7.79 million USDS to a multisig Safe wallet.
According to monitoring by Onchain Lens, in the hour before this transfer, the Foundation had exchanged 1,000 ETH for approximately 1.9 million USDS via CoWSwap. Looking at the past four days, the Foundation has sold a total of 5,000 ETH, receiving approximately 9.92 million USDS.
· The 7.79 million USDS going into a multisig wallet means that multiple parties must sign off to use these funds, rather than a single address controlling them directly.
· The information provided only includes exchange and transfer data, and does not explain the intended use. There is no basis for interpreting it outright as a sell signal.
Are you more interested in the pace of the exchanges or what the multisig address does next?
$ETH
According to monitoring by Onchain Lens, in the hour before this transfer, the Foundation had exchanged 1,000 ETH for approximately 1.9 million USDS via CoWSwap. Looking at the past four days, the Foundation has sold a total of 5,000 ETH, receiving approximately 9.92 million USDS.
· The 7.79 million USDS going into a multisig wallet means that multiple parties must sign off to use these funds, rather than a single address controlling them directly.
· The information provided only includes exchange and transfer data, and does not explain the intended use. There is no basis for interpreting it outright as a sell signal.
Are you more interested in the pace of the exchanges or what the multisig address does next?
$ETH
