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Ethereum Foundation Sends USD 95M in ETH to Kraken
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An Ethereum (ETH) transaction of ETH 20,000 (USD 95m) has been made from a wallet belonging to the Ethereum Foundation to the crypto exchange Kraken, public blockchain data shows. Meanwhile, there's been no word from the Foundation on what the large transfer is for.
According to data from Etherscan, the funds were transferred in the early hours of Thursday UTC time, or Wednesday night US time. The transfer was made by a wallet address that was flagged by Etherscan as an “EthDev” address belonging to the Ethereum Foundation.
Following the transfer, the sending address still held ETH and various tokens worth some USD 1.68bn in it.
This week’s transfer from the Ethereum Foundation follows a similar transfer from back in May, when more than ETH
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