The Ethereum Foundation Deposits Large Amounts of ETH to Kraken
Publication Time:2024-08-24 02:02:06
Crypto Finance News reports that Lookonchain's monitoring indicates that recently, the Ethereum Foundation wallet has transferred 35,000 ETH to Kraken, equating to approximately $94,070,000. This substantial deposit has sparked market interest in the actions of the Ethereum Foundation. The exact reason remains unclear, but it undoubtedly increases the supply of ETH on the Kraken platform and could potentially affect overall market perceptions of the Ethereum ecosystem and the cryptocurrency market. As the core developer organization for the Ethereum network, every action by the Ethereum Foundation can have far-reaching impacts on the entire cryptocurrency sector.
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