Wallet 0xdb3 linked to the Ethereum Foundation/ICO just deposited another 1,602 ETH ($5.48M) to Kraken:

• transaction: 0x96ad2087d97061abcd5b7bc0fb6ed92cfad8233bc0294dad0c7bdd1ed53c8f9a
• address: 0xdb39644409d139842679a2993cb8a545c2fd1fac

Notably:

• This wallet’s ETH ultimately came from the Ethereum Foundation wallet, 0xB2D, and the Ethereum ICO participant, 0xAb0.
• Since June 8, 2024, this wallet has deposited 19,488 ETH ($70.6M) to Kraken at an average price of $3,623 and was most active in the past 2 days.

Currently, the wallet holds 3,200 ETH ($10.94M).

The ETH price is currently on the decline.

Fig 1. The ETH offloads of Wallet 0xdb3 linked to the Ethereum Foundation/ICO since June 8, 2024.

Fig 2. The funding source of Wallet 0xdb3 linked to the Ethereum Foundation/ICO.

Fig 3. The ETH current holding of Wallet 0xdb3 linked to the Ethereum Foundation/ICO.