The post Ethereum Foundation Transfers 1,000 ETH To Multi-signature Wallet, Swaps It For $DAI! appeared first on Coinpedia Fintech News

Reportedly, the Ethereum Foundation transferred 1,000 Ethereum tokens worth $2.38 Million to a multi-signature wallet “0xbC9a” about an hour ago. As the the earlier transactions, this multi-signature wallet is used to transfer these Ethereum tokens to wallet “0xd779” and swap it for DAI stable tokens. Notably, this is the 4th such transaction over 45 days. With this, the foundation currently holds approximately 349,000 Ethereum tokens or 0.297% of the total supply.