• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Ethereum Foundation Transfers 35,000 ETH to Kraken: Potential Implications

user avatar

by Giorgi Kostiuk

10 months ago


  1. ETH Price Surge After Foundation Sales
  2. Reason for Transfer Explained by Ethereum Foundation Head
  3. Significant Previous Transactions by Ethereum Foundation

  4. In light of recent news about the Ethereum Foundation transferring 35,000 ETH to a Kraken exchange wallet, analysts have begun discussing potential market implications.

    ETH Price Surge After Foundation Sales

    According to blockchain tracing firm Arkham Intelligence, the price of ETH surged over 500% in the months following significant sales by the Ethereum Foundation in 2020. In December 2020, the foundation sold 100,000 ETH at a price of $635 per token, and five months later, the price reached $4,182.

    Reason for Transfer Explained by Ethereum Foundation Head

    Amid speculation over the transfer, Ethereum Foundation executive director Aya Miyaguchi clarified that it was part of the foundation's 'treasury management activities.' In a post on X, she noted that the transfer was necessary to balance the books and was not equivalent to a sale of assets. The foundation's annual budget is $100 million, comprising grants and salaries, some of which need to be paid in fiat currencies.

    Significant Previous Transactions by Ethereum Foundation

    A month earlier, a wallet associated with the Ethereum Foundation transferred roughly 92,000 ETH, valued at over $253 million at the time. This wallet had not been active for seven years, and it remains unclear who initiated the transfer and why. In May 2023, the foundation also transferred nearly $30 million in ETH to Kraken.

    The Ethereum Foundation's transfer of 35,000 ETH continues to spark market speculation. It's important to monitor the foundation's future actions and their impact on the crypto asset's value.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

Community Vote on WLFI Token Trading Starts July 2025

chest

The community will decide on the tradability of the WLFI token backed by the Trump family. A successful vote may improve liquidity and market position.

user avatarGiorgi Kostiuk

Olaxbt Secures $3.38 Million Seed Funding to Enhance AI Trading Capabilities

chest

Olaxbt has raised $3.38 million from Amber Group and other investors to improve AI technologies in crypto trading.

user avatarGiorgi Kostiuk

Daily Memecoin Trading Volume on LetsBonk.fun Reaches $95.36 Million

chest

LetsBonk.fun breaks the record for memecoin trading volume, reaching $95.36 million. This article explores the reasons behind this surge.

user avatarGiorgi Kostiuk

Trump Signs Bill: Implications for Financial Markets and XRP and XLM Technologies

chest

Analysis of the recent law signed by Trump and its impact on the financial system and cryptocurrencies XRP and XLM.

user avatarGiorgi Kostiuk

TON Foundation and UAE: Golden Visa for Toncoin Stake

chest

TON Foundation offers a 10-year UAE visa for a $100,000 Toncoin stake as part of a new initiative.

user avatarGiorgi Kostiuk

Dollar Declines: Record Drop in the First Half of 2025

chest

The dollar fell by 10.8% in the first half of 2025 due to increased money supply, raising concerns about its stability.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.