Thursday , April 25 2024
Home / Blockchain / The Ethereum Foundation Sends 20 000 ETH ($95M) to Kraken

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

Summary:
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 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 2 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

Topics:
Andrew Throuvalas considers the following as important: , , ,

This could be interesting, too:

Andrew Throuvalas writes Bitcoin Maximalism Will Rise Over Time, Predicts Balaji

Chayanika Deka writes Latin American Fintech Giant Nubank Enables Bitcoin Withdrawals and Deposits: Report

Mandy Williams writes FTX to Auction Off Remaining Solana (SOL) Tokens: Report

Andrew Throuvalas writes Here’s The Exact Top Of The Next Bitcoin Cycle, Power Law Says

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.

You Might Also Like:

Leave a Reply

Your email address will not be published. Required fields are marked *