Ethereum Foundation’s $654 Million ETH Transfer Sparks Debate
The Ethereum Foundation has transferred 160,000 ETH, worth about $654 million, to a wallet that blockchain analytics firm Arkham Intelligence says has previously been used for selling Ether. The move drew widespread attention from the crypto community due to its potential market implications.
Co-Executive Director Hsiao-Wei Wang clarified that the transfer was part of a scheduled wallet migration, not a liquidation event. However, the timing has reignited discussion about the Foundation’s transparency and governance — especially following Péter Szilágyi’s recent criticism of internal operations and compensation practices.
As Ethereum undergoes restructuring and tighter financial management, the Foundation’s treasury moves remain under the microscope of on-chain analysts and investors alike.
