Etherеum

BREAKING: Ethereum Foundation Sells a Huge Amount of ETH

24.08.2024

According to breaking news, the Ethereum Foundation has moved 35,000 ETH worth $93 million to cryptocurrency exchange Kraken, presumably for sale.

The large transfer made by the Ethereum Foundation was also tracked in the data of Arkham, a cryptocurrency tracking platform.

The data shows that 35,000 BTC were sent to Kraken’s deposit addresses. On the other hand, when examining the other assets held by the Ethereum Foundation, it is surprisingly observed that the institution has $745 million in assets. Almost all of these assets are held in ETH, except for a small amount of BNB.

On the other hand, it is known that when the Ethereum foundation sells, there is generally a decrease in cryptocurrency prices.

*This is not investment advice.

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24.08.2024
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