The Ethereum Foundation transferred 566.27 ETH worth about $1.09 million from a donation wallet

In comparison, according to Onchain Lens monitoring, the Ethereum Foundation transferred 566.27 ETH worth about $1.09 million from its Grants wallet to an unmarked address.

Additionally, the Ethereum Foundation's associated address also transferred 2.62 ETH worth approximately $5,000 to another address. The address previously transferred funds to the South Korean crypto trading platform Upbit.

According to the data, the source address for this transfer is the Ethereum Foundation Grants wallet (0x9EE... 313D). Currently, the identity of the anonymous address that received the $1.09 million ETH has not been confirmed, and the Foundation has not publicly disclosed the use of the funds.

The community speculates that the transfer may be related to ecological funding projects, developer support, or other foundation operations, but the specific use is yet to be further confirmed.

This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)