Ethereum News Today: Kraken Deposit and Whale Buy Send Mixed Signals Ethereum price today is $2,564.81 on October 12, 2026, up 2.2% over 24 hours. Two on-chain stories are drawing attention.
Ethereum price today is $2,564.81 on October 12, 2026, up 2.2% over 24 hours. Two on-chain stories are drawing attention. Wallets linked to the Ethereum Foundation sent 4,393 ETH to Kraken, and a whale reportedly swapped Bitcoin for Ether. Do these moves signal selling, buying, or routine portfolio activity?
ETH price is now near $2,564.81, with about $9 billion in 24-hour volume and a market capitalization near $312.75 billion. Two Foundation-associated wallets deposited about $11.13 million in ETH to Kraken. Separately, a whales reportedly sold 410.14 BTC and bought ETH. A wallet transfer alone does not confirm a completed sale.
Source: CoinGecko Data
According to on-chain analyst EmberCN, two Ethereum Foundation-associated wallets moved 4,393 coins, worth about $11.13 million, to Kraken around 08:50 UTC. Lookonchain reported the same deposit.
Both sources say the wallets received 59,751 coins from a Foundation wallet about 10 years ago. EmberCN says 49,751 ETH of that amount reached Kraken over the decade, at an average price near $658. Lookonchain noted that it traded near $0.9 when the wallets first received it.
An exchange deposit means coins moved to a platform where they can be sold. It can come before a sale, but it does not prove one. Wallet records are public on Arkham
Source: EmberCN
Lookonchain reports that a mysterious whale sold 410.14 BTC, worth about $34.16 million, on Hyperliquid. The whale then bought 14,341 coins, worth about $36.14 million, on decentralized exchanges. Lookonchain published an Arkham entity record for the whale.
A second monitoring account gives different numbers. It says the BTC fetched about $34.13 million in USDC and bought 13,527 coins at roughly $2,523. It also says the BTC left HTX between March and June 2025 at an average price of $95,434.
The coin totals do not match, so readers should treat both figures as unverified. The trade may be a portfolio rotation, not a confirmed bet on price.
Source: Lookonchain Data
The timeline separates old wallet activity from events reported today. Times come from the source reports and have not been independently verified.
Period
Development
10 Years ago
Two Ethereum Foundation-associated wallets reportedly received 59,751 coins.
Over decade
A reported 49,751 coins was transferred to Kraken over time.
Oct 12, 2026
The Foundation-linked wallets reportedly transferred 4,393 coins to Kraken.
Oct 12, 2026
Monitoring reports described a whales selling BTC and acquiring ETH.
Note: The Ethereum News timestamps are publication times from the supplied reports. Original transaction times may differ.
Both transactions are small next to total market activity. The Kraken deposit is about 0.12% of the $9 billion in daily volume.
The Ethereum news whale’s reported $36.14 million purchase is about 0.4% of it. Volume covers all trading, while these figures cover single on-chain moves. Neither one shows a net inflow or outflow for the whole market.
Metric
Reported details
Price
$2,564.81
24-hour price change
+2.2%
Trading volume
Approximately $9 billion
Market capitalization
Approximately $312.75 billion
ETH transferred to Kraken
4,393 tokens
Value of transfer
Approximately $11.13 million
BTC reportedly sold
410.14 BTC
Reported BTC sale value
Approximately $34.16 million
Purchased Tokens
14,341 tokens
Reported purchase value
Approximately $36.14 million
The whale quantity differs between reports: 14,341 tokens in one and 13,527 tokens in another.
There are three ways to read the data.
Possible selling pressure. If the deposited tokens are sold, it adds supply to the Crypto market.
Possible demand. The whale’s purchase may reflect buying interest.
Unclear motives. Either party could be rebalancing, managing costs, or funding other plans.
Traders can watch for confirmed sales on Kraken, ETH trading volume, Bitcoin performance, and later price action. A single wallet movement should not be treated as a signal on its own.
Ethereum News Today points in two directions. Foundation-linked wallets sent to a crypto exchange, while a whale reportedly moved from BTC into ETH. Neither move settles the question. Holders should wait for follow-up transfers, confirmed trades, and the market’s reaction before reaching a bullish or bearish view.
YMYL Disclaimer: This article is for informational purposes only. On-chain data does not show investor intent, and cryptocurrency trading carries substantial risk. Nothing here is financial advice. Do your own research before making any decision.
