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Ethereum Foundation Transfers 1,000 ETH Worth Over $3 Million

The Ethereum Foundation moved 1,000 ETH, valued at $3.12 million, as detected by Lookonchain just minutes before public disclosure.

ETH

Summary

The Ethereum Foundation transferred 1,000 ETH, worth approximately $3.12 million, 38 minutes before Lookonchain reported the transaction on December 5. This move was detected via blockchain monitoring, reflecting the Foundation’s ongoing network activities.

Terms & Concepts
  • Ethereum Foundation: A non-profit organization supporting the development and promotion of the Ethereum blockchain network.
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions, smart contracts, and network fees.
  • Lookonchain: A blockchain analytics platform that tracks cryptocurrency transactions and on-chain activity.