Lookonchain, an analytics account for X Social Media Network (formerly known as Twitter), spread the word about a significant amount of Ethereum that was transferred to anonymous wallets earlier today. The Ethereum Foundation, which made the transaction, is a non-profit organization that supports a variety of projects on the Ethereum blockchain.
Meanwhile, Ethereum, the second largest cryptocurrency, over the past 24 hours, has shown a volatile price trajectory. After a 3.7% decline, ETH has recovered, rising 1.62%, changing hands at $2,440 at press.
Ethereum Foundation forwards 9,000 ETH for the past month
Today, the foundation moved 1,000 ETH worth $2.45 million. However, this was not the first transaction in the last 30 days. According to a post by Lookonchain, over the past month, the Ethereum Foundation has moved a total of 9,000 ETH into the exact same wallet. This amount of Ethereum is valued at around $22 million.
#EthereumFoundation transferred an additional $1,000 ETH ($2.45 million) to 0xc061 to its wallet.
Wallet 0xc061 received a total of $9,000 ETH ($22m) from the #ethereum Foundation last month. https://t.co/in91jvvb0s pic.twitter.com/fwqi5yzf7t
– lookonchain (@lookonchain) June 27, 2025
This may seem like the aforementioned entities are actively moving ETH to sell ETH, but additional data suggests that the target crypto wallet (-0XC061) is associated with the Gnosis Safe Proxy and could be a multi-signature wallet.
Gnosis Safe Proxy allows users to manage and protect digital assets on the Ethereum Network. This suggests that the foundation may allocate funds for external use. This entity is well known for supporting young and promising cryptocurrency projects.
Ethereum Foundation supports Tornado Cash co-founders in legal defense: Vitalik Buterin
Moreover, EF also regularly donates to support the legal defense of the Rome Storm, co-founder of tornado cash. As reported by U.Today on Thursday, Ethereum co-founder and public leader Vitalik Buterin confirmed that EF “matches” “donations” to support the aforementioned individual legal defense funds.
The storm is currently fighting legal charges in the United States. This includes things related to money laundering and sanctions violations.
Ethereum ETF faces a modest $33.2 million inflow
The Lookonchain X account also reported on June 26 that the Spot Ethereum Exchange-Traded Funds (ETF) saw 13,642 ETH Netflow. That figure took into account the massive outflow experienced by the loyal Ethereum Fund ETF.
Otherwise, BlackRock’s ETF scooped up 22,698 ETH, worth $55.25 million. This was the biggest ETH gain from a single Ethereum ETF. Currently, BlackRock holds 1,743,756 ETH, totaling $4,240 billion.