March 16, 2021
Upcoming Algorand Foundation Wallet Activity
By Algorand Foundation
17th March, 20201 - From March 18th to at least April 5th, the Algorand Foundation will complete the process of moving Algo funds, currently held in the wallets listed here, to custodial wallets held by a new provider (BitGo). This is expected to involve around 4B Algo moving between wallets. These transactions do not represent Algo entering circulating supply, even though they may temporarily appear so due to the automated reporting processes of the block explorers and research websites that report on the Algorand ecosystem. The team at the Algorand Foundation will work with the block explorers and 3rd party research teams (e.g. Messari, CoinMarketCap, CoinGecko) to ensure that the new BitGo addresses are identified as Foundation wallets and these Algo will be correctly recognized as not being in circulation.