Ethereum Foundation-linked wallets transferred 4,393 ETH (~$11.13M) to Kraken, continuing a decade-long pattern of moving foundation holdings to the exchange.
Macro & Markets ·
Two wallets associated with the Ethereum Foundation transferred 4,393 ETH worth approximately $11.13 million to Kraken in a recent transaction. These wallets had received 59,751 ETH from an Ethereum Foundation wallet a decade ago, establishing a long-term pattern of staged moves to the exchange.
Over the past ten years, the two wallets have transferred 49,751 ETH of their holdings to Kraken at an average price near $658 per token. The ongoing pattern suggests a methodical approach to distributing foundation-linked assets rather than a concentrated liquidation event.
The timing and mechanics of the remaining transfers remain unclear, as does the intended use of proceeds at Kraken. No statement from the Ethereum Foundation regarding the movement has been reported.