The Ethereum Foundation recently transfers 1,000 ETH daily! Retail investors are anxious, but the follow-up is quite boring.

The Ethereum Foundation has been transferring 1,000 ETH daily, raising market concerns about where the funds are going. (Background: Analyst: Ethereum's rise is coming! Targeting $10,000, with the alt season potentially igniting in just a few weeks.) (Additional context: SharpLink Chairman Joe Lubin urges Ethereum: The company is preparing to leverage!) Since the end of June, the Ethereum Foundation has been moving 1,000 Ether (ETH) daily into a Gnosis Safe Proxy multi-signature Wallet starting with 0xc061, accumulating a total of 13,000 ETH, approximately $32 million. There are concerns about selling pressure, but on-chain data shows no records of funds flowing to exchanges. On-chain evidence: pure transfers, not selling. According to Lookonchain observations, these transfers have never left the Foundation's control and have not flowed into DeFi protocols. All 13,000 ETH remain in the multi-signature address. The Wallet has not interacted with centralized exchanges, indicating that the objective may be an internal asset transfer rather than liquidation. Security mindset and financial planning. Gnosis Safe requires multiple signatories to authorize asset use, reducing single point failure and private key leakage risks. By placing ETH in a multi-signature wallet, the Foundation adds an extra layer of security to its treasury. The on-chain balance also reveals three possible uses: Technical upgrade budget: Proto-Danksharding and Layer-2 expansion are nearing milestones. Ainvest states that the Foundation has set aside approximately $22 million worth of ETH for future development. Daily operations: Personnel, research, and community activities require fixed expenditures, and moving some ETH to dedicated wallets aids in financial transparency. Legal contingency: With regulatory uncertainties, estimating litigation costs is challenging. Last year, the Foundation raised defense funds for Tornado Cash co-founder Roman Storm, setting a precedent for storing ETH in batches for immediate access. Project collaboration expenditures: Some in the community suggest that these funds may be used for the Foundation's future large-scale collaborations with projects. Blockchain analyst Clara Hsu notes: "The role and flow of the wallet indicate treasury management rather than cashing out. The Foundation seems to be pre-storing fuel for the next round of technological advances." Related reports: SharpLink invests another $30 million to increase ETH holdings, now holding 188,000, firmly establishing itself as the Ethereum leader among publicly traded companies. BlackRock's Bitcoin holdings reach an all-time high! This week, they spent $1.15 billion buying BTC, with Ethereum holdings exceeding 1.7 million. Opinion: EIP-1559 is the real turning point for Ethereum to become the "world's central bank". <The Ethereum Foundation has been transferring 1,000 ETH daily recently! Retail investors are nervous, but the follow-up looks uninteresting> This article was first published in BlockTempo, the most influential blockchain news media.