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Ethereum Foundation Transfers 7.79 Million USDS to Safe Multisig Wallet

It also exchanged 1,000 ETH for about $1.9 million in USDS as four-day sales reached 5,000 ETH.

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An open steel safe holds a single smooth silver token / TokenPost.ai
An open steel safe holds a single smooth silver token / TokenPost.ai

The Ethereum Foundation transferred 7.79 million USDS to a Safe multisignature wallet within the hour before 10:42 p.m. ET Friday (03:42 UTC Saturday). The observation also included a CoWSwap exchange of 1,000 Ether (ETH) for about $1.9 million in USDS and sales totaling 5,000 ETH for about 9.92 million USDS over four days.

The activity follows an earlier Ethereum Foundation sale of 2,785 ETH through CoWSwap, which brought in USDS valued at about $6.42 million.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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