In a short update on Aug. 6, BlockBeats relayed Lookonchain data showing two transactions tied to the Ethereum Foundation's grant wallet. The first was a deposit of 2.675 ETH to the exchange Kraken, made about 12 hours before the report and valued at roughly $5,070. The second was a transfer of 578.38 ETH to a newly created Gnosis Safe Proxy wallet, worth about $1.08 million. Combined, the two moves came to around $1.09 million. The update was framed as a possible transfer test, though no further explanation was attached to the on-chain movements. Lookonchain was the only named source in the item, and BlockBeats presented the wallet activity without adding its own analysis. The grant wallet's interaction with both an exchange and a new wallet address in the same window is the core detail in the report. No additional addresses, timestamps beyond the 12-hour window, or follow-up movements were disclosed in the original report. The figures are based on Lookonchain's monitoring and were first published by BlockBeats on Aug. 6.
BlockBeats reported on Aug. 6 that Lookonchain had tracked two movements from the Ethereum Foundation's grant wallet. About 12 hours earlier, the wallet deposited 2.675 ETH, worth roughly $5,070, into Kraken. It also transferred 578.38 ETH, valued at about $1.08 million, to a new Gnosis Safe Proxy wallet. The short report described the activity as a possible transfer test.
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