Ethereum News: ETH Price Surge 2.2% Amid Kraken Deposit and Whale Move

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. 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?

At a Glance: Ethereum News and Key Market Developments

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

Ethereum Foundation-Linked Wallets Transfer 4,393 ETH to Kraken

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

Whale Sells 410 BTC and Buys More Than 14,000 ETH

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

Ethereum News Timeline: Key Wallet Transfers and Whale Activity

The timeline separates old wallet activity from events reported today. Times come from the source reports and have not been independently verified.

Note: The Ethereum News timestamps are publication times from the supplied reports. Original transaction times may differ.

Ethereum Market Update: Price, Volume and Transaction Values

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.

The whale quantity differs between reports: 14,341 tokens in one and 13,527 tokens in another.

What Could This Ethereum News Mean for ETH Price?

There are three ways to read the data.

1. Possible selling pressure. If the deposited tokens are sold, it adds supply to the Crypto market.

2. Possible demand. The whale’s purchase may reflect buying interest.

3. 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.

Conclusion: What Traders Should Watch Next

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.