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TechFlow news, on-chain data shows that on May 17, the Ethereum Foundation transferred 35,000 ETH to exchange Kraken, worth $120 million at the time. In December 2017, the Ethereum Foundation sold 70,000 ETH; Ethereum co-founder Vitalik Buterin later stated, "I was the one who convinced the Ethereum Foundation to sell $100 million worth of ETH, and it was mostly at the peak."
On-chain data shows that on May 17, the Ethereum Foundation transferred 35,000 ETH to Kraken exchange, worth $120 million at the time.
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