August 25, 2024
Kraken News - August 25, 2024
The Ethereum Foundation has moved 35,000 ETH, valued at $94.07 million, to the crypto exchange Kraken. This transaction has sparked discussions within the Ethereum community. Join us for an in-depth look at the implications and responses from key stakeholders.
() Introduction
() Kraken Receives $100M In ETH From Ethereum Foundation Wallet
The Ethereum Foundation recently transferred 35,000 ETH, valued at $94.07 million, to the crypto exchange Kraken, as reported by Lookonchain. This move has caused concern among Ethereum investors, particularly as it coincided with a minor market rally. Aya Miyaguchi, the director of the Ethereum Foundation, addressed these concerns by stating that the transfer was part of routine treasury management activities and should not be seen as an indicator of a negative market outlook or Ethereum's future prospects.
