The Ethereum Foundation has completed the sale of 1,700 ETH on the Uniswap platform, securing a total of $2.738 million in USDC.
#PeckShieldAlert Grant Provider: 0x9ee...13d (#Ethereum Foundation) has swapped 1,700 $ETH for ~2.74m $USDChttps://t.co/A33VimmsYypic.twitter.com/V5X8g8XEmG
— PeckShieldAlert (@PeckShieldAlert) October 9, 2023
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Tagged as "Grant Provider", the address currently maintains a balance of 240.68 ETH, 7,096 USDC, 49,700 DAI, and 10,000 ARB.
These assets collectively amount to around $450,000.
Transfer to Gnosis
More than 3 million USDC was then transferred to an address tagged under Gnosis Safe Proxy.
Transactions of this nature are typically directed towards covering operational expenses, funding grants, or supporting various initiatives within the Ethereum ecosystem.
However, as always, there exist conspiracy theories within the community regarding the possibility of this sale being a preliminary step before a broader divestment strategy is executed.