Ethereum Foundation Sparks Market Frenzy with Massive ETH Transfers – What’s Next?

The Ethereum Foundation just lit a fire under crypto markets with eyebrow-raising ETH movements. Here’s why traders are scrambling.

Whale Alert: Blockchain sleuths spotted foundation-linked wallets shuffling nine-figure sums—triggering instant speculation about treasury strategy or pre-upgrade positioning.

Price Impact: ETH/USD volatility spiked 30% within hours as derivatives markets flipped bullish. ‘When the foundation moves, dumb money follows,’ quipped one OTC desk trader.

Behind the Moves: Insiders suggest this could be routine ecosystem funding… or strategic accumulation before Ethereum’s next major protocol upgrade. Either way, it’s a reminder that centralized entities still pull crypto’s strings—ironic for a ‘decentralized’ asset class.

$2,459 Foundation recently gained attention after moving a total of 9,000 ETH, equivalent to approximately 22 million dollars, into a single wallet within the last 30 days. Another notable transfer of 1,000 ETH, valued at 2.45 million dollars, was executed today. The chosen wallet address, “0xc061,” is linked with Gnosis Safe Proxy, indicating that the transferred funds are likely allocated for external projects rather than being sold. Concurrently, daily net inflows into spot ethereum ETFs averaged 13,642 ETH, amounting to 33.2 million dollars.

ContentsUnraveling Ethereum Foundation’s Mysterious TransfersCurrent Status of Ethereum ETFs

Unraveling Ethereum Foundation’s Mysterious Transfers

Blockchain analysis platform Lookonchain unveiled a chain of four distinct transfers conducted by the Ethereum Foundation over a 30-day period. The latest transfer on June 26 involving 1,000 ETH increased the wallet’s holdings to 9,000 ETH. As these transactions transpired on the Ethereum mainnet without targeting exchange wallets, they did not trigger selling pressure on the market.

The target wallet, associated with Gnosis Safe Proxy, provides robust capital management opportunities through multi-signature security. The Foundation is recognized for granting funds to young teams, and the security architecture of the wallet suggests that these assets are earmarked for grants or ecosystem investments.

In parallel, the Foundation supports Roman Storm, co-founder of Tornado Cash, during his legal proceedings in the United States. Ethereum co-founder Vitalik Buterin announced that the Foundation is “preparing donations,” effectively doubling community funds. This demonstrates that ETH assets are being utilized not only for technical development but also for legal battles.

Current Status of Ethereum ETFs

On June 26, spot Ethereum ETFs registered a net inflow of 13,642 ETH, translating to 33.2 million dollars. BlackRock’s ETF was the highlight of the last trading day by amassing 22,698 ETH. Meanwhile, Fidelity’s ETF experienced an outflow of 10,897 ETH. BlackRock is expanding its market share with its holding of 1.74 million ETH, valued at 4.24 billion dollars.

On the pricing front, the ETH coin rebounded by 1.62% after a 3.7% decline during the day, stabilizing at 2,440 dollars.

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