Ethereum co-founder Jeffrey Wilcke made headlines by transferring 20,000 ETH (worth $75.2M) to the Kraken exchange 🐙💰, raising questions about a potential market top. 🧐📉
Historically, Wilcke’s large transfers have been followed by price declines. For example, in December 2019, he moved 92,000 ETH, leading to a 10% drop in Ethereum's price shortly after. ⚠️📉
Investors are now speculating whether this move signals a potential sell-off and a bearish trend for Ethereum. 😟📊 However, on-chain data doesn’t confirm if the ETH has been sold yet, so it remains uncertain. 🤔🕵️♂️
Current Ethereum price: $3,559.93 📉💎
High: $3,644.58, Low: $3,533.46 📊🔍
While the move is significant, it doesn’t guarantee a market top. 🛑✨
