Ethereum Foundation Moved For Sale On The Kraken Exchange 20 000 ETH

According to Etherscan data, non-profit organization Ethereum Foundation transferred tens of thousands of ETH to the Kraken cryptocurrency exchange again

Ethereum Foundation перевела для продажи на бирже Kraken 20 000 ETH

As the transaction shows, Ethereum developer sent a contract for 20 000 ETH to Kraken public address. At current rates, the cost of the transferred ETH exceeds $95 million.

A similar transaction took place 17 May, when another developer submitted to the exchange 35 000 ETH (at that time the amount was equivalent to $112 millions).

The Ethereum Foundation supports Ethereum and its developers by providing financial assistance, and also solves issues, related to the wider ecosystem. The organization has previously sold ETH to support its activities..

According to blockchain analyst Colin Wu, as of 21 May, the Ethereum Foundation had about 400 000 ETH.

Over the past weeks, the ETH rate has repeatedly updated its highs and is currently above the level $4700. Ken Griffin, CEO of multinational hedge fund Citadel, believes, that Ethereum is even better than BTC.

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