{"id":16368,"date":"2024-08-24T13:06:24","date_gmt":"2024-08-24T10:06:24","guid":{"rendered":"https:\/\/forklog.com\/en\/ethereum-foundation-transfers-35000-eth-to-kraken\/"},"modified":"2024-08-24T13:06:24","modified_gmt":"2024-08-24T10:06:24","slug":"ethereum-foundation-transfers-35000-eth-to-kraken","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-foundation-transfers-35000-eth-to-kraken\/","title":{"rendered":"Ethereum Foundation Transfers 35,000 ETH to Kraken"},"content":{"rendered":"<p>The Switzerland-based non-profit organization, Ethereum Foundation, has moved 35,000 ETH (equivalent to $94 million at the time of the transaction) to the cryptocurrency exchange Kraken.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"534\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-24-v-12.53.01-1024x534.png\" alt=\"Snimok-ekrana-2024-08-24-v-12.53.01\" class=\"wp-image-239580\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-24-v-12.53.01-1024x534.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-24-v-12.53.01-300x157.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-24-v-12.53.01-768x401.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-24-v-12.53.01.png 1384w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Data: <a href=\"https:\/\/platform.arkhamintelligence.com\/explorer\/entity\/ethereum-foundation\">Arkham<\/a>.<\/figcaption><\/figure>\n<p>At the time of writing, the Ethereum Foundation&#8217;s address holds cryptocurrencies valued at $840 million, including 273,776 ETH, 31,015 WETH, among others.<\/p>\n<div class=\"wp-block-text-wrappers-update-2 article_update\"><time class=\"gtb_text-wrappers_update_time\">August 25, 2024 | 09:45<\/time><span class=\"gtb_text-wrappers_update_head\">Update: <\/span><\/p>\n<p>Ethereum Foundation&#8217;s Executive Director Aya Miyaguchi described the transfer as &#8220;part of our treasury management activities.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">This is part of our treasury management activities. EF has a budget of ~$100m per year, which is largely made up of grants and salaries, and some of the recipients are only able to accept in fiat. This year, there was a long period of time when we were advised not to do any\u2026<\/p>\n<p>\u2014 Aya Miyaguchi (ayamiya.eth) (@AyaMiyagotchi) <a href=\"https:\/\/twitter.com\/AyaMiyagotchi\/status\/1827219654999470258?ref_src=twsrc%5Etfw\">August 24, 2024<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;Ethereum Foundation&#8217;s budget is approximately $100 million per year, largely consisting of grants and salaries. Some recipients can only accept payments in fiat,&#8221; she explained.<\/cite><\/p><\/blockquote>\n<p>This year, due to regulatory complications, the organization refrained from financial operations for an extended period and was unable to share its plan in advance.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\n<cite>&#8220;Also, this transaction does not equate to a sale. Planned and gradual sales will occur from this point,&#8221; Miyaguchi added.<\/cite><\/p><\/blockquote>\n<\/div>\n<p>According to analysts at Spot On Chain, this is the largest transaction by the Ethereum Foundation in 2024.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">?? BREAKING: The Ethereum Foundation deposited 35,000 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> ($93.8M) to <a href=\"https:\/\/twitter.com\/hashtag\/Kraken?src=hash&#038;ref_src=twsrc%5Etfw\">#Kraken<\/a> an hour ago!<\/p>\n<p>This is their largest <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> transfer out in 2024 so far. Previously, the Ethereum Foundation had only occasionally sold a few hundred <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> on DEX, totaling 2,516 <a href=\"https:\/\/twitter.com\/search?q=%24ETH&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$ETH<\/a> for 7.4M <a href=\"https:\/\/twitter.com\/search?q=%24DAI&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$DAI<\/a>.\u2026 <a href=\"https:\/\/t.co\/qnagGLL6Oe\">https:\/\/t.co\/qnagGLL6Oe<\/a> <a href=\"https:\/\/t.co\/PRKaSuf3hN\">pic.twitter.com\/PRKaSuf3hN<\/a><\/p>\n<p>\u2014 Spot On Chain (@spotonchain) <a href=\"https:\/\/twitter.com\/spotonchain\/status\/1827057564691132682?ref_src=twsrc%5Etfw\">August 23, 2024<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>At the time of writing, Ethereum is trading at $2770, having gained 4.1% over the past 24 hours, according to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/ethereum\">CoinGecko<\/a>.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"640\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-24-v-12.59.53-1024x640.png\" alt=\"Snimok-ekrana-2024-08-24-v-12.59.53\" class=\"wp-image-239581\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-24-v-12.59.53-1024x640.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-24-v-12.59.53-300x188.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-24-v-12.59.53-768x480.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-24-v-12.59.53-1536x960.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/Snimok-ekrana-2024-08-24-v-12.59.53-2048x1280.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Hourly ETH\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/ETHUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>Previously, the issuance volume of the second-largest cryptocurrency by market capitalization reached 120.28 million ETH, driven by the growth of coins locked in staking and restaking protocols.<\/p>\n<p>Earlier, an Ethereum ICO-era whale transferred 48,500 ETH ($154 million) to the cryptocurrency exchange OKX within a month.<\/p>\n<p>In August, an unknown user, likely by mistake, paid 34 ETH (~$89,239) in gas fees for transferring 0.88 ETH worth ~$2,262.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Switzerland-based non-profit organization, Ethereum Foundation, has moved 35,000 ETH (equivalent to $94 million at the time of the transaction) to the cryptocurrency exchange Kraken. Data: Arkham. At the time of writing, the Ethereum Foundation&#8217;s address holds cryptocurrencies valued at $840 million, including 273,776 ETH, 31,015 WETH, among others. August 25, 2024 | 09:45Update: Ethereum [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1227,46],"class_list":["post-16368","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-transactions","tag-ethereum"],"aioseo_notices":[],"amp_enabled":true,"views":"24","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16368","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=16368"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/16368\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/16367"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=16368"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=16368"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=16368"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}