According to data shared by Lookonchain, an Ethereum Foundation “associated address” (starting with 0x85a) transferred 4,000 ETH to the Kraken exchange four hours ago, with a total value of approximately $13.3 million. This address initially received 39,006 ETH from the Ethereum Foundation two years ago.
Furthermore, the last time this address sent ETH to an exchange was on January 6, 2022, when the value of ETH was approximately $3,350, similar to today’s transfer price. As of now, this address still holds 33,006 ETH, with a total value of around $110 million.
It is worth mentioning that the Ethereum Foundation has been dubbed the “top-selling master” by the community in recent years, as it has frequently sent ETH to exchanges at market peaks. The Ethereum Foundation’s significant transfers to exchanges in recent years are as follows:
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It is important to note that although this ETH, starting with 0x85a, is associated with the Ethereum Foundation, we cannot confirm with 100% certainty that this address is controlled by the Ethereum Foundation.
