news 
A sudden and unexpected move by the Ethereum Foundation has sent shockwaves throughout the cryptocurrency community, as 1,000 ETH – worth approximately $3.15 million – was transferred to a lesser-known wallet labeled “EF2”. This comes as a surprise due to the sheer amount and the destination of the funds.
As it stands, the EF2 address now holds a total of 7,000 ETH, or roughly $22 million at today’s market rate. These internal transfers between foundation-controlled wallets are not uncommon; however, this particular move raises questions about the organization’s intentions moving forward.
The Ethereum Foundation’s recent strategic roadmap release, detailing plans to expand Ethereum into a global infrastructure layer, may have contributed to these moves. The goals outlined include reaching a billion users, accelerating corporate onboarding through new tools developed in collaboration with Deloitte, and increasing funding for ZK-based technologies.
It is essential to note that this sudden ETH movement coincides with the recent surge in popularity of Ethereum (ETH). The coin’s price has rebounded above $3,150, while corporate ETH holdings are expanding rapidly.
Source: u.today
