Ethereum News: Kraken deposits and whale movements drive ETH prices surge 2.2%

Ethereum News Today: Kraken Deposits and Giant Whale Buy Send Mixed Signals

On October 12, 2026, the price of Ethereum was US$2,564.81, up 2.2% in 24 hours. Two developments on the chain are attracting market attention: wallets associated with the Ethereum Foundation deposited 4,393 ETH into Kraken, and there is also a report that a giant whale exchanged bitcoins for ether. Are these actions selling, buying or routine portfolio adjustments?

Overview: Ethereum News and Key Market News

The current ETH price is close to US$2,564.81, the 24-hour trading volume is approximately US$9 billion, and the market value is close to US$312.75 billion. Two fund-related wallets deposited ETH worth approximately US$11.13 million with Kraken. At the same time, a giant whale reportedly sold 410.14 BTC and bought ETH. A wallet transfer alone does not confirm that the sale has been completed.

Wallets associated with the Ethereum Foundation transferred 4,393 ETH to Kraken

According to on-chain analyst EmberCN, two wallets associated with the Ethereum Foundation transferred 4,393 tokens worth approximately US$11.13 million at around 08:50 UTC time. Lookonchain also reported the same deposit.

Both sources pointed out that the two wallets received 59,751 tokens from a wallet owned by the foundation about 10 years ago. EmberCN said that during the past decade, 49,751 ETH pieces have arrived in Kraken, with an average price of nearly US$658. Lookonchain pointed out that when the wallet first received the tokens, the transaction price was close to $0.9.

Depositing tokens to an exchange means that funds are transferred to a platform where they can be sold. This may have occurred before the sale, but it does not prove that the sale has occurred. Wallet records are public on Arkham.

Giant whale sold 410 BTC and bought more than 14,000 ETH

Lookonchain reported that a mysterious giant whale sold 410.14 BTC worth approximately US$34.16 million on Hyperliquid. Subsequently, the giant whale bought 14,341 tokens worth approximately US$36.14 million on a decentralized exchange. Lookonchain posted a physical record of the whale on Arkham.

Another monitoring account gave different data. It stated that the BTC transaction earned approximately US$34.13 million in USDC and bought 13,527 tokens for approximately US$2,523. In addition, it also pointed out that the BTC left HTX between March and June 2025, with an average price of US$95,434.

Due to inconsistent token totals, readers should treat both sets of data as unverified information. The deal is likely to be a portfolio rotation rather than a clear bet on price.

Ethereum News Timeline: Key wallet transfers and giant whale activity

The timeline separates old wallet activity from today's reported events. The time comes from source reports and has not been independently verified.

• 10 years ago: Two wallets associated with the Ethereum Foundation reportedly received 59,751 tokens.
• Over the past decade: It was reported that 49,751 tokens were transferred to Kraken over time.
• October 12, 2026: A wallet associated with the foundation reportedly transferred 4,393 tokens to Kraken.
• October 12, 2026: Monitoring reports showed that a giant whale sold BTC and bought ETH.

Note: The timestamp of Ethereum News is the release time of the report provided. Original trading times may vary.

Ethereum Market Update: Price, Volume and Value

These two transactions are small relative to overall market activity. Kraken's deposits account for approximately 0.12% of the $9 billion daily trading volume. According to reports, the Ethereum Whale's US$36.14 million purchase volume accounted for approximately 0.4%. Trading volumes cover all transactions, while these numbers cover only a single on-chain operation. Neither shows net inflows or outflows for the entire market.

Indicator Report Details Price 2,564.81 24-hour Price Change +2.2% Trading Volume approximately US$9 billion Market Value approximately US$312.75 billion ETH 4,393 tokens transferred to Kraken Transfer Value approximately US$11.13 million BTC 410.14 BTC reported BTC sales value approximately US$34.16 million purchased 14, The reported purchase value of 341 tokens was approximately US$36.14 million. Differences in the number of giant whales mentioned in different reports: 14,341 tokens were reported in one report, and 13,527 tokens were reported in another.

What does this Ethereum news mean for ETH prices?

There are three ways to interpret data:

1. Potential selling pressure: If deposited tokens are sold, it will increase supply to the crypto market.
2. Potential demand: Giant whale purchases may reflect buying interest.
3. Motivation unclear: Either party could be rebalancing, managing costs, or funding other plans.

Traders can follow the sales confirmed on Kraken, ETH volume, Bitcoin performance and subsequent price movements. Individual wallet movements should not be regarded as independent signals.

Conclusion: What traders should focus on next

Today's Ethereum news points in two directions. Wallets associated with foundations transfer money to crypto exchanges, while a giant whale reportedly switched from BTC to ETH. Neither move answers questions. Holders should wait for subsequent transfers, confirmed transactions and market reactions before making a bullish or bearish judgment.