Ethereum

<p>The Ethereum Foundation has recently deposited 35,000 $ETH, valued at approximately $94.07 million, to the Kraken exchange. The deposit occurred when the price of <a href="https://blockchainreporter.net/price-prediction/ethereum-price-prediction/" rel="noopener noreferrer nofollow">Ethereum</a> was $2,688. However, it has since dropped to $2,450, marking an 8.8% decline, according to Lookonchain. This move has again highlighted the Ethereum Foundation, as it is evident they sold at near the top of the market.</p><h2 id="header-0">Ethereum Foundation Sold $654M in ETH Since 2021</h2><p>Starting from January 1, 2021, the Ethereum Foundation has disclosed selling a total of $ETH 239k, totaling to $654 million. The fact that it was made recently is even more important because, at the moment, Ethereum is believed to hold around $1 billion.</p><p>The large deposit made to Kraken has instigated speculations that the Foundation could be planning to sell a big portion which can cause pressure on the price of $ETH to drop lower.</p><h2 id="header-1">Market Eyes Ethereum Foundation’s Strategy After Large ETH Deposit</h2><p>It has also raised questions over the Ethereum Foundation’s investment strategy, which some believe may have taken a strategic turn. The actions of the Foundation are closely monitored in the market, and transactions of such scale are usually followed by corresponding expectations in the market.</p><p>While the market still adapts to these changes, reported by Lookonchain, traders and investors must remain vigilant, as any further action from the <a href="https://ethereum.foundation/" rel="noopener noreferrer nofollow">Ethereum Foundation</a> might cause fluctuation in the price of $ETH.</p>

Ethereum Foundation Deposits $94M in ETH to Kraken, Leading to 8.8% Price Drop

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