Ethereum Foundation: Transfer of $654 million in ETH is a routine wallet migration
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Jinse Finance reported that the Ethereum Foundation has transferred approximately 160,000 ETH (about $654 million) into a group of wallets previously used for selling ETH. On-chain analytics platform Arkham pointed out that these wallets have previously only made large transfers to a certain exchange, SharpLink Gaming, and a multi-signature address used for selling ETH. The Foundation's Co-Executive Director Hsiao-Wei Wang responded on social media, stating that this transfer is part of a planned wallet migration.
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