As the ETH price plummeted by 5.67% in the past week, three wallets linked to the Ethereum Foundation have actively unloaded 15,455 ETH ($56.34M) via Kraken and DEX!

1. Two Ethereum Foundation’s main wallets sold 200 ETH for 744,722 DAI at $3,724 on June 4 and 10, 2024:

• address 1: 0xbc9a9ac7dc36b1706732374bf632ef39fb6efbc3
• address 2: 0x9ee457023bb3de16d51a003a247baead7fce313d
• These addresses belong to the entity Ethereum Foundation

Overall, since the start of 2024, they have sold 2,166 ETH for 6.21M DAI at $2,867 on average, often ahead of price drops.

Fig 1. Ethereum Foundation has sold 2,166 ETH ($6.21M) since the start of 2024.

2. Wallet 0xdb3 deposited 15,255 ETH ($55.6M) to Kraken at $3,648 on June 7, 2024:

• transaction: 0x597e8f27bb46952414d7241b1e5e1b7e08df9ca5c413d57de1207390e5363514
• address: 0xdb39644409d139842679a2993cb8a545c2fd1fac

Notably, this wallet’s ETH ultimately came from the Ethereum Foundation wallet, 0xB2D, and the Ethereum ICO participant, 0xAb0.

Fig 2. Wallet 0xdb3 received ETH from the Ethereum Foundation/ICO.

Fig 3. Wallet 0xdb3 deposited 15,255 ETH ($55.6M) to Kraken on June 7, 2024.