Ethereum News: Foundation-Linked Wallets Move 4,393 ETH to Kraken

• Two Ethereum Foundation-linked wallets reportedly transferred 4,393 ETH, worth about $11.13 million, to Kraken on October 12.

• ETH trades near $2,555, up about 2% over 24 hours and down about 6.85% over seven days.

• Analyst EmberCN traced the wallets to an address that received 59,751 ETH from an Ethereum Foundation wallet about a decade ago.

• About 49,751 ETH has been moved to Kraken over the past ten years at an average price of roughly $658.

• Neither the Ethereum Foundation nor Kraken has confirmed that the latest deposit resulted in a sale.

Two Ethereum Foundation-linked wallets reportedly sent 4,393 ETH, worth about $11.13 million, to Kraken on October 12. Ethereum trades near $2,555.

The latest Ethereum news comes from blockchain analyst EmberCN, who reported the transfers on X. No sale has been confirmed.

Follow Ethereum news every day. Join SpotX Signals on Telegram for real-time crypto market alerts.

Ethereum News: Transfer and Market Data

Key figures:

• ETH transferred to Kraken: 4,393 ETH (about $11.13 million)

• Ethereum price: about $2,554.59 (CoinGecko, October 12)

• 24-hour change: about +2.05%

• 7-day change: about -6.85%

• 7-day range: about $2,409 to $2,733

• Trading volume: about $8.88 billion

• Market capitalization: about $312 billion

Readers who follow Ethereum news and on-chain activity in real time can do so through the SpotX live stream.

Main News: 4,393 ETH Moves to Kraken

Two wallets identified through their historical connection to the Ethereum Foundation moved a combined 4,393 ETH to Kraken. The ETH was valued at about $11.13 million when the transactions were identified.

The blockchain data establishes the movement of assets, not their subsequent sale.

Wallet History Traced by EmberCN

According to EmberCN, the addresses are connected to an Ethereum Foundation wallet that distributed 59,751 ETH about ten years ago.

• ETH received a decade ago: 59,751 ETH

• ETH sent to Kraken since: 49,751 ETH, about 83% of the original allocation

• Average ETH price on those transfers: roughly $658

• Latest transfer: 4,393 ETH on October 12

The $658 figure is an approximate market price when the transfers occurred. It is not independently verified sale proceeds.

What Is Not Confirmed

• Neither the Ethereum Foundation nor Kraken has publicly confirmed that the latest deposit resulted in a sale.

• No official statement has identified the purpose of the 4,393 ETH deposit.

• Kraken has not disclosed whether the funds were exchanged for cash, another cryptocurrency or kept in an exchange account.

• The October 12 transfers have not been connected to a new funding announcement, over-the-counter agreement or disclosed treasury sale.

Traders who monitor Ethereum wallet flows and exchange deposits can follow live data through SpotX.

Ethereum Foundation Treasury Activity in 2025 and 2026

The Ethereum Foundation has documented treasury activity of its own:

• June 2025: it published a treasury management policy. The policy sets an annual operating expenditure target equal to 15% of treasury assets and a reserve buffer covering 2.5 years of expenses.

• April 2026: it announced plans to sell 5,000 ETH through CoWSwap using a time-weighted average price strategy.

• May 2026: it sold 10,000 ETH to BitMine over the counter at an average of $2,292 per token. A combined 25,000 ETH was sold through its deals with that buyer.

• February to April 2026: it staked about 70,000 ETH, completed on April 3 with a further 45,000 ETH deposit valued at about $143 million.

• Late April 2026: blockchain tracking identified an unstaking request of about 17,035 ETH.

These transactions were documented separately. They are not evidence that the wallets identified by EmberCN belong to the foundation’s current treasury.

Ethereum Price on October 12

Ethereum traded near $2,554.59 on October 12, according to CoinGecko. It gained about 2.05% over 24 hours and is down 6.85% over seven days.

The data confirms a daily recovery. It does not establish whether the Kraken deposits influenced Ethereum’s trading activity.

Summary: Ethereum News Today

Two Ethereum Foundation-linked wallets reportedly moved 4,393 ETH, worth about $11.13 million, to Kraken on October 12. No sale has been confirmed.

• Transfer: 4,393 ETH (about $11.13 million) to Kraken

• Wallet history: 59,751 ETH received a decade ago, with 49,751 ETH sent to Kraken since

• Price: about $2,555, up 2.05% in 24 hours and down 6.85% over seven days

• Status: no confirmation of a sale from the foundation or Kraken

Never miss Ethereum news. Get real-time crypto alerts on SpotX Signals on Telegram.