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Ethereum Foundation Moves 92K ETH After 7-Year Inactivity

Scott Liu

Summary: The Ethereum Foundation recently transferred 92,500 ETH, valued at approximately $290 million, from a wallet that had been inactive since 2017. The transfer occurred on Jul-25-2024 03:39:23 PM +UTC, according to blockchain analytics platform Arkham Intelligence. The purpose behind this significant movement remains unclear, and the Ethereum Foundation has not commented on the transaction. The ...

The Ethereum Foundation recently transferred 92,500 ETH, valued at approximately $290 million, from a wallet that had been inactive since 2017. The transfer occurred on Jul-25-2024 03:39:23 PM +UTC, according to blockchain analytics platform Arkham Intelligence. The purpose behind this significant movement remains unclear, and the Ethereum Foundation has not commented on the transaction. The funds have not been moved further from the recipient address, leaving many to speculate on the reasons for the transfer and its potential market impact

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