The executive director of the Ethereum Foundation responded to "The Ethereum Foundation transferred 35,000 ETH to Kraken": It is part of the fund management activities, and the foundation's annual budget is about 100 million US dollars

BlockBeats news, on August 24, regarding the Ethereum Foundation address depositing 35,000 ETH to Kraken, Aya Miyaguchi, executive director of the Ethereum Foundation, posted on the social platform, "This is part of its fund management activities. The Ethereum Foundation has an annual budget of about $100 million, which is mainly composed of grants and salaries. Some recipients can only accept legal tender. For a long time this year, we have been told not to conduct any fund activities because the supervision is complicated and we cannot share plans in advance. In addition, this transaction does not mean selling. From now on, we will sell gradually and in a planned manner."

BlockBeats previously reported that at 2:00 on August 24, according to Arkham monitoring, the Ethereum Foundation transferred 35,000 ETH to Kraken 35 minutes ago, equivalent to about 94.07 million US dollars.