The Ethereum Foundation received 22.92 million USDC from Coinbase Prime, possibly proceeds from a previous sale of ETH.

CoinFeed reported on May 1st that, according to on-chain analyst Yu Jin, the Ethereum Foundation wallet received 22.92 million USDC from Coinbase Prime five hours ago. Yu Jin speculates that this may be the payment received by the Ethereum Foundation a week ago for selling 10,000 ETH to Bitmine through an over-the-counter transaction.