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

As monitored by on-chain analyst Yu Jin, one hour ago, the Ethereum Foundation transferred 1,000 ETH (worth $3 million) to the multi-signature contract address 0xbC9...bC3. Based on previous situations, these ETH will be sold in batches and exchanged for DAI before being transferred to the Ethereum Foundation's funding wallet (0x9eE...13D).