PANews July 11 news, according to on-chain analyst Yu Jin's monitoring, the ETH transferred out by the Ethereum Foundation during this period is suspected to be intended for sale: they sold 1210 ETH for 3.496 million USDC two hours ago, at a selling price of 2889.5 USD.
In the last month, the Ethereum Foundation transferred 21,000 ETH to address 0xc06; 6 days ago, address 0xc06 transferred 7000 ETH to address 0x247; two hours ago today, address 0x247 transferred 1210 ETH to address 0x340, then sold it for 3.496 million USDC and transferred it back to address 0x247.
