Ethereum Foundation Transfers Over 13,000 ETH to Multi-Signature Wallet in Major Daily Moves

On July 1st, blockchain analytics platform Lookonchain reported significant activity from the Ethereum Foundation. The foundation has been systematically transferring 1,000 ETH daily, valued at roughly $2.46 million, to a designated multi-signature wallet identified as 0xc061. This consistent movement has resulted in a total transfer volume of approximately 13,000 ETH, equating to around $32 million to date. Such transactions highlight the foundation’s strategic asset management and underscore ongoing operational adjustments within the Ethereum ecosystem. Market participants and analysts are closely monitoring these transfers, considering their potential implications for liquidity and governance within the network.