The Ethereum Foundation transferred 1,000 ETH to a multi-signature contract address 1 hour ago, possibly for funding purposes

BlockBeats reported that on May 8, according to on-chain analyst Ember’s monitoring, the Ethereum Foundation transferred 1,000 ETH (US$3 million) to the 0xbC9...bC3 multi-signature contract address 1 hour ago.

According to previous situations, these ETH will be sold in batches and converted into DAI before being transferred to the Ethereum Foundation’s funding wallet (0x9eE...13D).