Ethereum Foundation to Sell 10,000 ETH via Kraken for $42.7M — Transferred Minutes Before Announcement

COINOTAG News reported on September 3, citing on-chain analyst Wu Jinyan, that the Ethereum Foundation announced an upcoming ETH sale of 10,000 ETH through a centralized exchange to fund research and donations. On-chain monitoring indicates the 10,000 ETH, valued at roughly $42.7 million, was moved to Kraken within ten minutes before the public statement.

The Foundation’s previous divestiture occurred on July 11, when it executed a 10,000 ETH disposal (≈$25.73 million) via an OTC trade to SharpLink. These disclosures reflect reported operational funding actions by the Foundation and provide transparent context for the current transfer and planned sale.

‘,
‘

🔒 Secure and Fast Transactions
Diversify your investments with a wide range of coins. Join now!

‘,
‘

💎 The Easiest Way to Invest in Crypto
Dont wait to get started. Click now and discover the advantages!

‘
];

var adplace = document.getElementById(“ads-binance”);
if (adplace) {
var sessperindex = parseInt(sessionStorage.getItem(“adsindexBinance”));
var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBinance.length) : sessperindex;
adplace.innerHTML = adscodesBinance[adsindex];
sessperindex = adsindex === adscodesBinance.length – 1 ? 0 : adsindex + 1;
sessionStorage.setItem(“adsindexBinance”, sessperindex);
}
})();