{"id":42936,"date":"2021-05-21T16:40:03","date_gmt":"2021-05-21T13:40:03","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42936"},"modified":"2025-08-31T01:22:54","modified_gmt":"2025-08-30T22:22:54","slug":"ethereum-foundation-transfers-35053-eth-to-kraken-ahead-of-market-crash","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/ethereum-foundation-transfers-35053-eth-to-kraken-ahead-of-market-crash\/","title":{"rendered":"Ethereum Foundation transfers 35,053 ETH to Kraken ahead of market crash"},"content":{"rendered":"

On May 17, the non-profit Ethereum Foundation transferred<\/a> 35,053 ETH (~$115 million at the time of the transaction) to the Kraken cryptocurrency exchange. On that day the price moved in the range of $3,100\u2013$3,500.<\/p>\n

<\/p>\n

\"Ethereum<\/a>
Data: Etherscan<\/a>.<\/figcaption><\/figure>\n

On May 19, the price of Ethereum fell by more than 50%<\/a>. At the time of writing, the second-largest cryptocurrency by market capitalisation was trading at around $2,600.<\/p>\n

The organisation still holds 394,787 ETH in its publicly known wallets.<\/p>\n

On May 20, Vitalik Buterin described the market situation<\/a> as a bubble. The Ethereum co-founder could not predict when it would burst.<\/p>\n

\n

“Perhaps it’s already over. Perhaps it will end in a few months,” Buterin said.<\/p>\n<\/blockquote>\n

Earlier he admitted that in 2017 he persuaded the Ethereum Foundation to sell 70,000 ETH and earn $100 million at the market peak, effectively doubling his financial reserves.<\/p>\n

Earlier, one Twitter user recounted turning $5,000 into $135,000<\/a> through scalping Ethereum.<\/p>\n

Subscribe to ForkLog’s news on VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"

On May 17, the non-profit Ethereum Foundation transferred 35,053 ETH (~$115 million at the time of the transaction) to the Kraken cryptocurrency exchange. On that day the price moved in a range of $3,100\u2013$3,500.<\/p>\n","protected":false},"author":1,"featured_media":42937,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[46,193],"class_list":["post-42936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-ethereum","tag-kraken"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42936","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=42936"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42936\/revisions"}],"predecessor-version":[{"id":42938,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42936\/revisions\/42938"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/42937"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=42936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=42936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=42936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}