$ETH Jeffrey Wilcke (@jeffehh), an Ethereum co-founder, has deposited 9,840 $ETH, valued at $41.04 million, into Kraken

He now holds 95,897 $ETH, worth $401.78 million across seven wallets, with $ETH trading at around $4,189

This follows his May 2025 transfer of 105,737 $ETH to Kraken, later distributed to eight new addresses, suggesting a pattern of strategic repositioning or potential profit-taking. The deposit comes amid Ethereum’s bullish momentum, driven by the upcoming Fusaka upgrade and rising transaction volumes.

What’s your take—is Wilcke cashing in on $ETH’s rally, or just restructuring his holdings for a bigger play?