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Ethereum co-founder shifts $6M of ETH, but whales bought $1.6B
Ethereum co-founder Jeffrey Wilcke could be looking to sell some of his Ether holdings after sending around 1,500 ETH to crypto exchange Kraken on Thursday.
Wilcke sent 1,500 Ether, worth around $6 million, to the crypto exchange, according to onchain analytics platform Lookonchain. It came as the price of Ether dropped from $4,000 to around $3,900.
Moving cryptocurrency to an exchange deposit address does not guarantee it is being sold.
In August, Wilcke had deposited $9.22 million worth of ETH to Kraken. He had previously sent $262 million worth of ETH to Kraken. At the time, Lookonchain speculated that he likely…
Sep 28 2025
