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Ethereum Wallets Move $11M to Kraken: Is a Sell-Off Coming?

Summary by crypto.news
Ethereum Foundation-linked wallets transferred 4,393 ETH worth $11.13M to Kraken as ETH traded near $2,555. No sale has been confirmed.

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🚨 Two Ethereum-linked wallets transferred 4,393 ETH, or $11.1 million, to Kraken. 📉 Until mid-October, spot Ethereum ETFs experienced outflows of over $542 million for nine consecutive days, increasing pressure on $ETH. 🧭 With approximately 10,000 ETH remaining in the relevant addresses, the market is watching to see if the $2,500 threshold can be maintained. Read More: Two Ethereum-linked wallets transferred $11.1 million worth of ETH to Kra…

Two wallets linked to the Ethereum Foundation sent 4,393 ETH, worth approximately $11.13 million, to Kraken. The sale is unconfirmed, and the Foundation has not issued a statement.

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TokenPost broke the news on Monday, October 12, 2026.
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