Ethereum Foundation-linked wallets send 4,393 ETH worth $11.13M to Kraken
Two wallets linked to the Ethereum Foundation transferred 4,393 ETH, worth roughly $11.13 million, to the Kraken exchange on October 12, 2026. On-chain tracker EmberCN flagged the transfer.
- Neither the Ethereum Foundation nor Kraken has issued a public statement explaining the transfer
- The transfer follows a decade-long pattern of similar foundation-linked ETH deposits to Kraken
- 49,751 ETH from a 59,751 ETH foundation allocation has been sent to Kraken over the past decade at an average ~$658 per ETH
ONDO
+5.0%
FORM
+4.1%
LIT
+7.0%
SPK
+0.7%
COMP
+0.9%
GENIUS
−1.9%
