4,393 ETH Moved to Kraken From Wallets Tied to Ethereum Foundation
Photo: TheCoinrise
On-chain data shows a transfer from addresses tied to the Ethereum Foundation, reigniting debate over treasury management and selling pressure. On-chain analysts flagged a transfer of 4,393 ETH from wallets associated with the Ethereum Foundation to Kraken on October 12, 2026. The transaction was picked up by blockchain monitoring tools that track large or notable movements of major cryptocurrencies. Multiple outlets reported the same transfer within hours of one another, each noting the wallets’ historical link to the Foundation. The Ethereum Foundation holds a substantial treasury of ETH and other digital assets accumulated over years of ecosystem funding activity.
Source: TheCoinrise
