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Ethereum Foundation-Linked Address Sends $17.89M in ETH to Kraken

Ethereum Foundation-Linked Address Sends $17.89M in ETH to Kraken

Continued notable large-scale Ethereum movements include a foundation-linked deposit and a $17.24M withdrawal by a newly created wallet from Kraken.

ETH

Summary

A wallet linked to the Ethereum Foundation sent 5,748 ETH worth $17.89 million to Kraken, according to Lookonchain. On January 1, Onchain Lens reported a newly created wallet withdrew 5,798 ETH worth $17.24 million from Kraken and moved it to another wallet within two hours. These transactions highlight ongoing substantial Ethereum transfers involving both established and new addresses.

Terms & Concepts
  • Ethereum Foundation: A non-profit organization that supports the Ethereum blockchain’s development and promotes its ecosystem.
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contract operations.
  • Kraken: A major U.S.-based cryptocurrency exchange offering trading, staking, and other services.