Lookonchain said it tracked two transfers from an Ethereum Foundation grant wallet about 12 hours earlier. The wallet deposited 2.675 ETH, worth $5,070, to Kraken. It also sent 578.38 ETH, valued at roughly $1.08 million, to a new Gnosis Safe Proxy wallet. The update identifies the destination and value of both transactions, but does not provide any explanation from the Ethereum Foundation on the purpose of the transfers. The activity was cited by Odaily in a brief market update under its whale movement category.
Odaily reported that Lookonchain tracked two ETH transfers from an Ethereum Foundation grant wallet around 12 hours earlier.
One transfer sent 2.675 ETH, worth $5,070, to Kraken. The other moved 578.38 ETH, valued at $1.08 million, to a new Gnosis Safe Proxy wallet.
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