The Ethereum Foundation has been relocating 1,000 ETH for several consecutive days. The market is concerned about where the funds are going? (Background: Analyst: The Ethereum pump is coming! Targeting $10,000, potentially igniting the alt season in just a few weeks.) (Additional Background: SharpLink Chairman Joe Lubin urges Ethereum: The company is ready to leverage!) Since the end of June, the Ethereum Foundation has been transferring 1,000 Ether (ETH) daily into a Gnosis Safe Proxy Multi-signature Wallet starting with 0xc061, accumulating a total of 13,000 coins, roughly $32 million. The outside world is worried about selling pressure, but on-chain data has not yet shown any records of funds flowing to exchanges. On-chain evidence: Purely a relocation, not dumping. According to Lookonchain observations, these transfers have never left the control of the foundation, nor have they flowed in.