- Luke Martin shared insights on the Ethereum Foundation’s recent transfer of 15,000 ETH to Kraken.
- The blogger stated that the platform sells the holdings to fund the development of the ETH ecosystem.
- Martin predicted a bullish return of ETH following the dumping of the cryptocurrency.
The travel blogger and vlogger Luke Martin, on his self-titled YouTube channel, shared insights on the Ethereum Foundation’s 15,000 ETH recently moved to the crypto exchange Kraken. Martin bestowed the crypto community with an optimistic view of the ETH sale, predicting a bullish return of ETH despite the massive transfer.
On May 5, as per a tweet shared by the on-chain data analyst Lookonchain, Vitalik Buterin, the co-founder of the Ethereum blockchain transferred 200 ETH worth $400,000 to Kraken. Subsequent to the move, the Ethereum Foundation too had a massive transfer of 15,000 ETH, amounting to $30 million to the same exchange.
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