Ethereum Foundation-Linked Wallets Send 4,393 ETH to Kraken

The Ethereum Foundation is facing renewed attention after two linked wallets transferred 4,393 ETH, worth approximately $11.13 million, to cryptocurrency exchange Kraken. The transaction adds to a decade-long pattern of transfers involving Ethereum holdings originally received from a Foundation-linked wallet. According to on-chain Lookonchain , the two wallets received 59,751 ETH around 10 years ago, when Ethereum traded near $0.90. Of that allocation, 49,751 ETH has reportedly moved to Kraken over the past decade, at an average price of approximately $658 associated with the transfers. The latest transaction does not confirm that the deposited ETH has been sold.

Also reported by TheCoinrise.

Source: TronWeekly