Ethereum co-founder Jeffrey Wilcke made a very large transfer, according to onchain data.
According to the data, Wilcke sent 105,736 ETH worth $ 262 million to the cryptocurrency exchange Kraken. Although such transfers from cold wallets are generally made for the purpose of sale, it is not possible to know for sure whether the sale took place.
When we examine the Ethereum chart at the time the transaction took place, we see that there was no volatility that would be encountered during such a sudden sale.
Interestingly, Wilcke retweeted another source on social media platform X announcing that he had made this transfer.
With this transfer, the value of assets in Wilcke’s well-known cryptocurrency wallets dropped to $722,000. During the 2021 altcoin bull, the total value of Ethereum in the developer’s wallet exceeded $800 million.
With the latest move, the amount of ETH in his wallet has dropped to just $666,000.
About 6 months ago, Wilcke transferred $72 million worth of ETH to the cryptocurrency exchange Kraken.
*This is not investment advice.
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