The Ethereum Foundation Sends 20 000 ETH ($95M) to Kraken

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.
SPECIAL OFFER (Sponsored)
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to $1750.

You Might Also Like:


.custom-author-info{ border-top:none; margin:0px; margin-bottom:25px; background: #f1f1f1; } .custom-author-info .author-title{ margin-top:0px; color:#3b3b3b; background:#fed319; padding:5px 15px; font-size: 20px; } .author-info .author-avatar { margin: 0px 25px 0px 15px; } .custom-author-info .author-avatar img{ border-radius: 50%; border: 2px solid #d0c9c9; padding: 3px; }

The post appeared first on CryptoPotato

Buy Bitcoin with Credit Card

BitMex Leverage Trading

Automated Trading Bot

Related Posts

Leave a Reply

Bitcoin (BTC) $ 69,612.65 2.63%
Ethereum (ETH) $ 2,434.86 1.46%
Tether (USDT) $ 1.00 0.12%
BNB (BNB) $ 565.72 2.62%
Solana (SOL) $ 167.23 6.08%
USDC (USDC) $ 1.00 0.09%
XRP (XRP) $ 0.514333 2.30%
Dogecoin (DOGE) $ 0.170971 8.54%
Lido Staked Ether (STETH) $ 2,432.51 1.41%
TRON (TRX) $ 0.160415 1.55%