Ethereum
Wallets Associated with Ethereum Foundation Transfer 4,393 ETH to Kraken
Two addresses linked to the Ethereum Foundation deposited $11.13 million worth of Ether onto Kraken, continuing a series of multi-year exchange transfers.
Onchain tracking service Lookonchain reported that two wallets linked to the Ethereum Foundation transferred 4,393 Ether, valued at approximately $11.13 million, to the cryptocurrency exchange Kraken on October 12.
The addresses initially received an allocation of 59,751 ETH from the foundation roughly ten years ago, when Ether traded near $0.90. Over the past decade, approximately 49,751 ETH from that original batch has been moved to Kraken at an average price of $658, leaving an estimated 10,000 ETH remaining.
Exchange deposits can precede asset sales, though the data reflects only onchain transfers rather than confirmed trades. Under its June 2025 treasury policy, the Ethereum Foundation aims for annual spending of 15% with a 2.5-year operating reserve, transitioning toward a 5% target over five years. The organization periodically evaluates quarterly asset sales, having previously announced a 5,000 ETH conversion via CoW Swap in April. The foundation has not issued an official comment regarding the latest deposit.
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