Ethereum Foundation Transfers $9.16M Worth of TKO to Bitcoin Suisse

IconCryptoNewsTerminal Staff29 Jul, 2024

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Ethereum Foundation Transfers $9.16M Worth of TKO to Bitcoin Suisse

- According to on-chain data, an Ethereum Foundation-linked address has transferred 3.484 million TKO tokens, valued at approximately $9.16 million, to a Bitcoin Suisse hot wallet. - The transfer occurred approximately one hour ago and is one of the largest TKO transactions in recent history. - The reasons for the transfer are currently unknown, but speculation suggests that the Ethereum Foundation may be liquidating its TKO holdings or using them for other purposes - Bitcoin Suisse is a Swiss-based financial services intermediary that provides a range of services, including cryptocurrency custody and trading.

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