The Ethereum Foundation recently executed a transfer of 1,000 ETH (equivalent to $3M) to the intermediate multisignature wallet 0xbc9, recorded just an hour ago.

This action follows a trend observed since the beginning of 2024, where the Ethereum Foundation has gradually sold off portions of its ETH holdings. Notably, these sales have amounted to 1,766 ETH, generating approximately 4.81M DAI at an average price of around $2,725 per ETH. Interestingly, these transactions have been conducted through the intermediate multisignature wallet 0xbc9, occurring in multiple small batches and often preceding subsequent declines in the asset's price.

Address details:

Main address:

0xde0b295669a9fd93d5f28d9ec85e40f4cb697bae

Intermediate multisignature:

0xbc9a9ac7dc36b1706732374bf632ef39fb6efbc3