Two wallets linked to the Ethereum Foundation transferred a total of 4,393 Ether (ETH) to the Kraken exchange, valued at approximately $11.13 million. This transaction, occurring on Sunday evening, adds to a series of transfers from these wallets, which originally received 59,800 ETH a decade ago. While the transfer to Kraken does not confirm a sale, such moves often increase the amount of ETH available for trading and could indicate potential selling pressure. Traders are watching closely as this could impact Ethereum's market dynamics.
Ethereum Foundation-linked wallets moved 4,393 ETH to Kraken, valued at about $11.13 million. For readers following cryptocurrency markets, here is Pluang's market snapshot as of Oct 12, 2026 07:21 WIB: out of 50 major cryptocurrencies priced on Pluang, 35 rose and 13 fell today. Notable movers include SXP down 46.27% to Rp37 with a typical hold time of 94 days, BAT up 14.76% to Rp2,861 with a 46% sell / 54% buy order split and typical hold time of 93 days, and BAL up 11.14% to Rp16,297 with a typical hold time of 85 days.
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