The Ethereum Foundation has been systematically transferring Ethereum (ETH) to a multi-signature wallet address, identified as 0xc061. Blockchain analytics uncovered this recurring transfer pattern revealing a consistent daily outflow of 1,000 ETH.
The total volume tracked thus far amounts to approximately 13,000 ETH. Based on prevailing market rates at the time of reporting, this accumulation represents significant value, equating to roughly $32 million.
Transfers have been routed directly to the designated multi-signature wallet. The frequency and significant scale of these transfers prompted notice by blockchain monitoring platforms investigating large on-chain movements.