According to @lookonchain, the Ethereum Foundation deposited 10,000 ETH ($42.7M) to Kraken about 5 hours ago and intends to sell the coins to fund R&D, grants, and donations (source: @lookonchain). Per @lookonchain, the Foundation’s public wallets hold 224.8K ETH valued at $1.05B, making the 10,000 ETH transfer roughly 4.4% of reported holdings based on the provided figures (source: @lookonchain). This exchange inflow reflects planned spot supply from the Foundation tied to funding needs, as stated by @lookonchain (source: @lookonchain).