Ethereum co-founder Jeffrey Wilcke transferred a 4,300 ETH, valued at $10.7 million, to the cryptocurrency exchange Kraken. Priced at $2,482 per ETH at the time of the transaction, this significant sale has sparked speculation about the potential for an upcoming price correction.
Back in June, Wilcke deposited 22,000 ETH into Kraken, then worth $41.1 million, at a price of $1,870 per ETH. The timing of this deposit preceded a steep downturn in the market, which now leads many to wonder if history is about to repeat itself.
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