Ethereum wallets move $11M to Kraken: Is a sell-off coming?

Two Ethereum Foundation-linked wallets have reportedly transferred 4,393 ETH worth approximately $11.13 million to Kraken on October 12, raising questions about possible selling activity as Ethereum trades near $2,555. Two Ethereum Foundation-linked wallets reportedly transferred 4,393 ETH worth approximately $11.13 million to Kraken recently. Analyst EmberCN traced 59,751 ETH received from an Ethereum Foundation wallet ten years ago. Over the past decade, the tracked wallet reportedly deposited 49,751 ETH into Kraken through transactions. Ethereum traded near $2,555, gaining roughly 2% daily while declining approximately 6.85% over seven days.