Ethereum
Home” Ethereum” Ethereum co-founder transfers 20,000 ETH to Kraken as rate strikes $3,600
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Vivian Nguyen
Nov. 28, 2024
Ethereum’s cost rally may motivate sales, yet Wilcke maintains a big crypto reserve.
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A wallet linked to Ethereum co-founder Jeffrey Wilcke moved 20,000 ETH worth $72.5 million to crypto exchange Kraken, according to information tracked by Arkham Intelligence. The transfer happened quickly after Ethereum’ s cost topped $3,600 previously today.
Source: Arkham Intelligence
According to Spot on Chain, Wilcke offered 10,000 ETH for roughly $37 million in May. He has actually finished 4 transfers up until now this year, netting around $148 million.
Jeffrey Wilcke, #Ethereum co-founder, transferred 20,000 $ETH ($72.5 M) to #Kraken 30 minutes back, simply as $ETH made a strong resurgence today!
This is the 4th time he unloaded $ETH in 2024, amounting to 44,300 $ETH ($148M) at a typical cost of $3,342.
Follow @spotonchain now and https://t.co/zriXX9jbKD pic.twitter.com/iDEeptqrKI
— Spot On Chain (@spotonchain) November 28, 2024
Regardless of a decrease in ETH holdings, Wilcke still holds roughly 106,000 ETH, valued at around $382 million based upon existing market value.
Source: Arkham Intelligence
Information from CoinGecko reveals that Ethereum made a strong push towards $3,700 early Thursday, however the momentum stalled, resulting in a small pullback. It was trading at $3,587 at press time, up nearly 3% in the last 24 hours.
Source: CoinGecko
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