The Ethereum Foundation transferred 15,000 ETH to a Kraken deposit account, and Vitalik Buterin’s personal address transferred an additional 200 ETH to the exchange. This has spurred suspicion that the price of ETH is poised to collapse as a result of previous selloffs by the foundation, which have frequently coincided with peaks in the ETH price cycle. However, there are no signs of serious market instability, and Ethereum bulls are still vying for the $2,000 barrier.
Investors have been withdrawing their ETH from exchanges, and the Ethereum network has seen a boom in whale accumulation. The Ethereum Foundation faces significant costs and is an active participant in the broader crypto ecosystem.It participated in a $10.5 million Series A fundraising round for Skiff last year, and it provides awards to companies that assist expand the Ethereum ecosystem.
