Jeffrey Wilk, the co-founder of Ethereum, sent 105,736 Ethereum to a deposit address on the Kraken exchange ($262 million).
Jeffrey has stepped away from active development since 2019.
Last time, after the BitPay hack, it took the market about three months to absorb $1.5 billion worth of Ethereum.
Now the market faces a new task: to absorb the Ethereum of former founder Jeffrey.
What is happening behind the scenes within his Ethereum foundation 🤔