When the $ETH price began to decline, an Ethereum Foundation-related wallet made a notable move by depositing 15,254 $ETH (worth $56.1M) into Kraken 11 hours ago.

Key Details:

Deposit Amount: 15,254 $ETH

Value: $56.1M

Time: 11 hours ago

Source of Funds:

Ethereum Foundation Wallet: The $ETH in this wallet is sourced from an Ethereum Foundation wallet.

ICO Wallet: Additionally, it includes funds from a wallet that received 200K $ETH during the Ethereum ICO.

Address:

0xdb39644409d139842679a2993cb8a545c2fd1fac

This substantial deposit into Kraken amidst a dropping $ETH price might indicate significant market movements or strategic decisions by entities related to the Ethereum Foundation.