Early Ethereum Foundation-Linked Wallets Move 4,393 ETH Worth $11.1 Million to Kraken

Two cryptocurrency wallets linked to early Ethereum Foundation distributions transferred 4,393 ETH, valued at approximately $11.1 million, to the Kraken exchange. The transactions involved one wallet sending 2,998 ETH ($7.6 million) and a second wallet depositing roughly 1,395 ETH. On-chain tracking indicates the addresses received their holdings from an initial transfer of about 59,751 to 59,800 ETH roughly a decade ago, which was routed through intermediary addresses. Historically, approximately 49,800 ETH from the original allocation has been transferred to Kraken across multiple tranches at an average price of around $658 per ETH.