Ethereum Foundation Explains 35,000 ETH Transfer to Kraken Exchange
• Ethereum Foundation’s transfer of 35,000 ETH to Kraken aims for gradual sales, not a mass sell-off.
• ETH price gained 4.5% to $2800 despite transfer concerns, supported by broader macroeconomic factors.
• Ethereum Foundation still holds reserves of 273,776 ETH and 31,015 WETH, valued at $840 million.
Aya Miyaguchi, Executive Director of the Ethereum Foundation, has clarified the reasoning behind the recent transfer of 35,000 ETH to the Kraken exchange, valued at approximately $94.07 million.
Aya Miyaguchi, Executive Director of the Ethereum Foundation, has clarified the reasoning behind the recent transfer of 35,000 ETH to the Kraken exchange, valued at approximately $94.07 million.
