Ethereum Foundation-Linked Wallets Send Another 4,393 ETH…
By Karthik Subramanian
AI summary of the source article
Two wallets linked to an early Ethereum Foundation distribution transferred 4,393 ETH, worth approximately $11.13 million, to Kraken. However, the transactions do not confirm that the Foundation initiated the transfers or that the deposited assets were sold.
Why it matters
For investors, large exchange deposits can attract attention because "they increase the amount of cryptocurrency potentially available for sale."
Key facts
- Two wallets linked to an early Ethereum Foundation distribution transferred 4,393 ETH, valued at approximately $11.13 million, to Kraken.
- Trackers report that 49,751 ETH from an original 59,751 ETH allocation has reached Kraken over a ten-year period.
- The sending addresses are several transactions removed from the Foundation's original distribution, leaving their current ownership uncertain.
Source excerpt · FinanceFeeds
Two cryptocurrency wallets linked to an early Ethereum Foundation distribution transferred 4,393 ETH, worth approximately $11.13 million, to Kraken in transactions reported on October 12, 2026, drawing renewed attention to the movement of long-held Ether. Blockchain monitoring accounts Lookonchain and EmberCN identified the transfers, which originated from addresses associated with a distribution…