Cryptocurrency exchange Kraken recently received a substantial $100 million in ETH from the Ethereum Foundation’s wallet. This has led to speculation about a potential sell-off in the near future.
The Ethereum Foundation, which supports the development of the Ethereum blockchain, transferred the significant amount of ETH to Kraken. This move has raised questions about whether Kraken will sell off the ETH or hold onto it.
While the exact reason for the transfer remains unclear, some believe that Kraken may be preparing for a sell-off. However, others speculate that Kraken could be stocking up on ETH in anticipation of a potential price increase.
Regardless of the outcome, this transfer highlights the ongoing activity and movements within the cryptocurrency market. Investors and traders will be closely watching to see how Kraken’s handling of the $100 million in ETH will impact the market in the coming days.