Ethereum co-founder Jeffrey Wilcke has recently made a notable transaction in the cryptocurrency market by depositing 20,000 ETH, equivalent to $72.2 million, into the Kraken exchange. This move was executed at an average price of $3,608 per ETH.

Wilcke's actions are significant given his previous deposit to Kraken in May 2024, where he transferred 10,000 ETH valued at $37.3 million, preceding a major market downturn.

Currently, Wilcke retains a substantial holding of 106,006 ETH, valued at approximately $384 million, indicating continued confidence in Ethereum's long-term potential.