Ethereum Co-Founder Moves $41 Million Worth of ETH to Kraken
An address believed to belong to Ethereum co-founder Jeffrey Wilcke has transferred 22,000 ETH—valued at $41 million—to the Kraken exchange platform.
Ethereum Co-Founder Moves $41 Million Worth of ETH to Kraken
This transfer occurred just hours ago. Several data tracking websites have identified the wallet address as belonging to Wilcke.
It is worth noting that Jeffrey Wilcke sent a test transaction of 0.001 $ETH 30 mins before depositing 22K $ETH.
— Lookonchain (@lookonchain) June 5, 2023
It is more effective to monitor the test transfers of giant whales than to monitor large transfers!
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As of now, Wilcke’s wallet still holds 150,000 ETH, worth approximately $280 million. This wallet had been inactive for 29 months, with no ETH transactions since a transfer of 15,000 ETH.
Analysis from Lookonchain suggests that Wilcke has not yet sold any ETH on Kraken, based on the 2% liquidity depth on the exchange.
Additionally, the tracking site noted a previous test transaction from this wallet, involving a total of 0.001 ETH.
Earlier in May 2023, a wallet associated with the Ethereum Foundation also made a similar move, transferring ETH to the Kraken exchange.
