BlockBeats News, July 5th, according to on-chain analyst Yu Jin monitoring, 1 hour ago, the Ethereum Foundation granted 2,469 stETH to the Ethereum nonprofit development organization Argot, worth approximately $4.34 million.

Last July, the Ethereum Foundation provided Argot with a 3-year operational funding grant, totaling 7,000 ETH. After receiving it, Argot sold 4,826.6 ETH at an average price of $3,194, exchanging it for 15.417 million USDC.

Today, Argot once again received the 4th-year funding grant from the Ethereum Foundation, amounting to 2,469 stETH. In July next year, Argot will receive the final 5th-year grant, also consisting of 2,469 stETH. On-chain transactions show that this funding has been transferred to Argot's associated address.