ETHEREUM FOUNDATION MOVES ANOTHER $2.45M IN $ETH
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• The Ethereum Foundation transferred approximately $2.45M worth of ETH to an unlabelled Gnosis Safe multisig, according to Arkham, but the destination wallet has not been identified as Foundation-controlled.
• The linked Foundation address reportedly still holds around $235.46M in ETH and $23M in $USDC after the transfer. The movement itself does not confirm a sale or an external buyer.
• The ETH could have been moved to another Foundation-controlled Safe for treasury management, or it could later be used for an OTC transaction. There is currently no confirmed evidence that an OTC sale has taken place.
• The next movements from the receiving Safe will be key. Transfers to other Foundation-linked wallets would point toward internal treasury activity, while movement toward OTC desks or exchanges could provide more context.
#ETH #USDC
.
• The Ethereum Foundation transferred approximately $2.45M worth of ETH to an unlabelled Gnosis Safe multisig, according to Arkham, but the destination wallet has not been identified as Foundation-controlled.
• The linked Foundation address reportedly still holds around $235.46M in ETH and $23M in $USDC after the transfer. The movement itself does not confirm a sale or an external buyer.
• The ETH could have been moved to another Foundation-controlled Safe for treasury management, or it could later be used for an OTC transaction. There is currently no confirmed evidence that an OTC sale has taken place.
• The next movements from the receiving Safe will be key. Transfers to other Foundation-linked wallets would point toward internal treasury activity, while movement toward OTC desks or exchanges could provide more context.
#ETH #USDC
