Ethereum Foundation-Linked Wallets Move $11.13 Million in ETH to Kraken Exchange
Two cryptocurrency wallets connected to the Ethereum Foundation moved 4,393 Ethereum (BITSTAMP:ETHUSD) worth roughly $11.13 million to the Kraken exchange. Depositing tokens onto an exchange is often a preliminary step before selling, though a transfer alone does not confirm that an active trade or sale took place. Currently, Ethereum trades at $2,554, up 0.77% on the day.
The funds originate from a larger allocation of 59,751 ETH received from an Ethereum Foundation address roughly a decade ago, back when the token was priced at $0.90. Over the past ten years, about 49,751 ETH from that original group has been deposited to Kraken at an average price of around $658, leaving 10,000 ETH remaining from the initial allocation.
The Ethereum Foundation manages its operations under a policy established in June 2025 that aims to spend 15% of its treasury annually while maintaining a 2.5-year reserve, with plans to scale annual spending down to 5% over five years. Because the foundation routinely evaluates ETH sales to cover operational expenses using fiat off-ramps and on-chain swaps, market participants will watch for official updates or treasury disclosures regarding whether these exchange transfers result in executed sales.
Key points
- Two wallets linked to the Ethereum Foundation transferred 4,393 ETH worth $11.13 million to Kraken.
- Exchange deposits often precede sales, but no trade execution has been confirmed.
- The wallets received 59,751 ETH a decade ago when the asset traded at $0.90, with 49,751 ETH sent to Kraken since then.
- Ethereum Foundation financial policy targets spending 15% of treasury funds annually with a 2.5-year operating reserve.
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How we writeDisclaimerQuestions and answers
Did the Ethereum Foundation sell its ETH on Kraken?
The wallet transfers show 4,393 ETH deposited to Kraken, but there is no official confirmation or record showing that an executed sale took place.
How much ETH from the original allocation has been sent to Kraken?
Out of an initial 59,751 ETH allocation received a decade ago, approximately 49,751 ETH has been transferred to Kraken over the past ten years at an average price near $658.