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COINOTAG News reported on September 3, citing on-chain analyst Wu Jinyan, that the Ethereum Foundation announced an upcoming ETH sale of 10,000 ETH through a centralized exchange to fund research and donations. On-chain monitoring indicates the 10,000 ETH, valued at roughly $42.7 million, was moved to Kraken within ten minutes before the public statement.
The Foundation’s previous divestiture occurred on July 11, when it executed a 10,000 ETH disposal (≈$25.73 million) via an OTC trade to SharpLink. These disclosures reflect reported operational funding actions by the Foundation and provide transparent context for the current transfer and planned sale.
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