# Ethereum Foundation-Linked Wallets Send 4,393 ETH to Kraken

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/29964
Published: 2026-10-12T00:46:49.000Z
Updated: 2026-10-12T00:46:49.000Z
Section: Investing

> The transfer was valued at about $11.13 million. The wallets had received 59,800 ETH from the Ethereum Foundation a decade ago.

Two Ethereum Foundation-linked wallets transferred 4,393 Ether (ETH) to Kraken in a transaction valued at about $11.13 million, putting a large exchange deposit on traders’ watch lists for potential selling pressure.

The transfer occurred about 4:44 p.m. ET Sunday (20:44 UTC), involving wallet addresses ending in 2b94 and 0229. The transaction was recorded as the latest movement from wallets tied to the Ethereum Foundation.

The wallets received 59,800 ETH from Ethereum Foundation wallets 10 years ago. About 49,800 ETH from that balance has since moved to Kraken in a series of transfers at an average price of roughly $658 per ETH.

The latest deposit does not indicate whether the ETH was sold, but transfers to exchanges can increase the amount of an asset immediately available for trading.