Is the Ethereum Foundation selling ETH again, or is the market reading too much into a wallet transfer?
According to the reported on-chain data, two wallets linked to the Ethereum Foundation deposited 4,393 ETH, worth approximately $11.13 million, into Kraken.
The interesting detail is the wallets’ history: they reportedly received 59,751 ETH from the Foundation around 10 years ago, when ETH was valued at just $0.90.
But here’s the distinction that matters: moving ETH to an exchange doesn’t automatically mean it has been sold. It can signal a potential sale, but the transfer alone doesn’t confirm what happened next.
Personally, I think the market should watch what these wallets do next rather than immediately treating every exchange deposit as bearish.
Large transfers create headlines. Confirmed selling tells a much clearer story.
$ETH #BTC Price Analysis# #Meme Alpha#
According to the reported on-chain data, two wallets linked to the Ethereum Foundation deposited 4,393 ETH, worth approximately $11.13 million, into Kraken.
The interesting detail is the wallets’ history: they reportedly received 59,751 ETH from the Foundation around 10 years ago, when ETH was valued at just $0.90.
But here’s the distinction that matters: moving ETH to an exchange doesn’t automatically mean it has been sold. It can signal a potential sale, but the transfer alone doesn’t confirm what happened next.
Personally, I think the market should watch what these wallets do next rather than immediately treating every exchange deposit as bearish.
Large transfers create headlines. Confirmed selling tells a much clearer story.
$ETH #BTC Price Analysis# #Meme Alpha#