Golden Finance reports that the Ethereum Foundation has transferred approximately 160,000 ETH (equivalent to 654 million USD) into a wallet that was previously used for selling ETH. Arkham Intelligence noted that this wallet has only made large transfers to Kraken, SharpLink Gaming, and a multi-sig addresses that sells ETH in the past. Hsiao-Wei Wang, Co-Executive Director of the Foundation, responded on social media that this transfer is part of an established wallet migration plan.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Ethereum Foundation: The transfer of $654 million ETH is part of the planned Wallet migration.
Golden Finance reports that the Ethereum Foundation has transferred approximately 160,000 ETH (equivalent to 654 million USD) into a wallet that was previously used for selling ETH. Arkham Intelligence noted that this wallet has only made large transfers to Kraken, SharpLink Gaming, and a multi-sig addresses that sells ETH in the past. Hsiao-Wei Wang, Co-Executive Director of the Foundation, responded on social media that this transfer is part of an established wallet migration plan.