Ethereum Foundation’s Kraken Transfer Sparks Market Jitters

The Ethereum Foundation’s recent transfer of 1,000 ETH to Kraken has raised concerns about a potential sell-off, contributing to Ethereum’s ongoing price decline. This move follows a pattern of similar transactions in 2024 that preceded short-term price drops, leaving investors wary of further downward pressure.

Ethereum Foundation Moves 1,000 ETH to Kraken, Sparking Price Crash Fears

The Ethereum Foundation transferred 1,000 ETH to the Kraken exchange on April 22, signaling a possible sell-off. This strategic movement has sparked market-wide concerns about another price downfall, as Ethereum continues its downward trajectory with weak momentum. Short-term price gains face resistance, and previous sell signs from the Foundation this year have led to short-term price drops. In 2024, the Foundation sold 4,466 ETH, which also resulted in market price decreases.

DeFi Development Corp Expands Solana Holdings in Strategic Crypto Pivot

DeFi Development Corp, the rebranded entity formerly known as Janover, has aggressively increased its Solana treasury with a $9.9 million purchase of 65,305 SOL. The Nasdaq-listed company now holds 317,273 SOL, cementing its strategic shift toward cryptocurrency markets following a takeover by former Kraken executives.

The move continues a buying spree that began in April, when the company acquired 88,164 SOL for $11.5 million—a transaction that immediately boosted its stock price by 12%. The accumulation signals growing institutional confidence in Solana’s ecosystem as traditional finance entities deepen their crypto exposure.