Ethereum Co-Founder Jeffrey Wilcke Transfers $38.27M in ETH to Kraken

Ethereum icon and Jeffrey Wilcke at the background

According to data from Etherscan, Jeffrey Wilcke, one of Ethereum’s early co-founders, has recently made significant transfers of Ethereum (ETH) to the cryptocurrency exchange Kraken. The most recent transfer amounted to 10,000 ETH, valued at approximately $27.52 million. Just four days prior to this transaction, Wilcke transferred an additional 4,300 ETH, equivalent to $10.75 million, to Kraken. In total, Wilcke has transferred 14,300 ETH, totaling $38.27 million, to Kraken.

ETH Whale Moves Coins

According to data from Etherscan, Jeffrey Wilcke, one of Ethereum’s early co-founders, has recently made significant transfers of Ethereum (ETH) to the cryptocurrency exchange Kraken. The most recent transfer amounted to 10,000 ETH, valued at approximately $27.52 million. Just four days prior to this transaction, Wilcke transferred an additional 4,300 ETH, equivalent to $10.75 million, to Kraken. In total, Wilcke has transferred 14,300 ETH, totaling $38.27 million, to Kraken.

Wilcke’s transfers to Kraken suggest a notable liquidation of Ethereum holdings. As of now, Wilcke reportedly holds more than 135,000 ETH, valued at approximately $373 million. These transfers may indicate strategic portfolio management or a shift in investment strategy by one of Ethereum’s early contributors.

A Potential Impact on Market

The movement of such a significant amount of Ethereum by a co-founder of the platform has drawn attention within the cryptocurrency community. Wilcke’s actions could potentially impact market sentiment and the price of Ethereum, given his prominent role in the project’s early development. At the time of reporting, Ethereum traded at $2,871 reflecting a continued bullishness according to market trends.

As observed on Etherscan, Wilcke’s transfers to Kraken provide valuable insights into the movement of Ethereum among key stakeholders in the cryptocurrency ecosystem. The transactions serve as a reflection of market dynamics and individual investment decisions within the Ethereum community.

Wilcke’s continued involvement in Ethereum and his recent transfers to Kraken underscore the evolving nature of cryptocurrency markets and the importance of monitoring on-chain data for informed investment strategies.

Author: Jinka

Jinka is a self-trained crypto journalist, passionate about happenings in the industry.