#Ethereum ’s bullish push stalls at $3,600 after co-founder Jeffrey Wilcke transferred 20,000 ETH ($72.5 million) to crypto exchange Kraken.

Data from Spotonchain confirmed the transaction, which happened by 12:59 (UTC) today. Notably, “0xa7ef,” the wallet address belonging to the co-founder, moved 20,000 ETH to a deposit wallet tied to Kraken.

At the time of the transfer, the Ethereum tokens were worth $72.5 million, moved at an average price of around $3,627. Meanwhile, the Wilcke-tied account still holds 105,738 ETH, valued at $382 million.
It bears mentioning that this was Wilcke’s fourth Ethereum sale of the year. The Spotonchain data reveals that the wallet sold 10,000 ETH ($37.38 million at the time) in May, taking his total Ethereum sales this year to 44,300 ETH at an average price of $3,342. 

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