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Cosmos Foundation transfers ATOM Tokens: Preparing for subsidiary operations
【Coin World】There has been new activity in the Cosmos ecosystem. The Interchain Foundation (ICF) recently sent a notification to the community stating that they will transfer ATOM from the main Multi-signature Wallet to the CL Wallet.
Why transfer? Mainly because CL, as a subsidiary of ICF, needs these tokens for daily operations. This transfer is considered an internal asset allocation to make the fund distribution more reasonable.
For coin holders, this is a normal asset management operation by the foundation and should not be over-interpreted.