According to on-chain data shared by Lookonchain, an Ethereum Foundation “associated address” (starting with 0x85a) transferred 4,000 ETH to the Kraken exchange four hours ago, with a total value of approximately $13.3 million. This address initially received 39,006 ETH from the Ethereum Foundation two years ago.
Furthermore, the last time this address sent ETH to an exchange was on January 6, 2022, when the value of ETH was approximately $3,350, similar to today’s transfer price. As of now, this address still holds 33,006 ETH, with a total value of approximately $110 million.
It is worth mentioning that the Ethereum Foundation has been labeled as the “top-selling master” by the community in recent years, as it has frequently sent ETH to exchanges at market cycle peaks. The Ethereum Foundation’s large-scale transfers to exchanges in recent years are as follows:
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It should be emphasized that although this ETH address starting with 0x85a is associated with the Ethereum Foundation, we cannot be 100% certain that it is controlled by the Ethereum Foundation.
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