Ethereum Foundation-linked addresses deposit $11.1M in ETH to Kraken

Two addresses linked to the Ethereum Foundation deposited 4,393 ETH worth about $11.13 million into Kraken around four hours ago, on-chain analyst EmberCN said. Exchange deposits are typically interpreted as being intended for selling. According to EmberCN, the two addresses received a total of 59,751 ETH from the foundation 10 years ago and have since deposited 49,751 ETH into Kraken at an average price of about $658.