The Ethereum Foundation Sends 20 000 ETH ($95M) to Kraken
6 d ago•1 min read•Ethereum
According to Etherscan, the Ethereum Foundation has once again sent tens of thousands of Ether to Kraken.
Etherscan recorded the transaction only hours ago at 2:56 PM UTC The transaction shows an Ethereum dev sending a contract of 20 000 Ether to Kraken’s public address. That’s worth over $95 million at today’s prices. A similar transaction took place on May 17th, when another developer sent 35 000 Ether to the exchange. Those were worth $112 million at the time. The Ethereum Foundation is a non-profit organization that supports Ethereum and its developers. They provide both financial and non-financial support to the broader ecosystem and have sold Ether in the past to provide it. According to blockchain analyst Colin Wu, the Foundation owned nearly 400 000 Ether as of May 21st. Ethereum has broken numerous highs as of late and currently trades above $4 700. Citadel’s CEO even considers it superior to Bitcoin.