At the time, Ethereum was trading at $1,900, before dropping a few months later. the following months.
Roughly 18 months prior, the Foundation transferred 20,000 ETH worth $95 million to Kraken on November 11, 2021, once again, coincidentally marking a top in Ethereum’s price of around $4,700.
Then in May 2021, the organization transferred just over 35,000 ETH worth $123 million.
Ethereum’s price dropped from above $3,500 to lows of around $1,825 per CoinGecko data within weeks of the transfer.
Notably, the amount of ETH sold this morning is worth comparatively less at $2.76 million.
Ethereum was last changing hands at $1,595, 1.6% lower since yesterday per CoinGecko.
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