Huge Transfer to the Stock Exchange from the Ethereum Founder with 470 Million Dollars of ETH!

Ethereum (ETH) co-founder Jeffrey Wilcke attracted attention with his millions of dollars in transfers.

According to data provided by the on-chain analysis platform Lookonchain, Ethereum co-founder Jeffrey Wilcke transferred 10,000 ETH worth $37.36 million to the cryptocurrency exchange Kraken on May 23.

Wilcke has sent a total of 24,300 ETH to Kraken since the beginning of 2024. Last year, he transferred 46,300 ETH worth $116.4 million to Kraken at an average price of $2,515.

The co-founder currently holds 126,000 ETH, worth approximately $473 million.

Considering the sales made in the past period, it is thought that the founding partner acted to make a profit. On the other hand, another co-founder, Vitalik Buterin, stated that he has never sold Ethereum for his own expenses so far.