Ethereum Foundation: Transferring $654 million ETH is a routine wallet migration.

[Ethereum Foundation: Transferring $654 million in ETH is a routine wallet migration] The Ethereum Foundation transferred approximately 160,000 ETH (about $654 million) into a set of wallets that were previously used to sell ETH. The on-chain analysis platform Arkham pointed out that these wallets have only made large transfers to CEX, SharpLink Gaming, and a multi-sig address that sold ETH in the past. Hsiao-Wei Wang, the Foundation's co-executive director, responded on social media that this transfer is part of a planned wallet migration.

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