Where Are Jeffrey Wilcke's ETH Going?

There is a big movement in the Ethereum ecosystem! Co-founder Jeffrey Wilcke moved 105,737 ETH ($262 Million), almost his entire ETH holdings, to the Kraken exchange.

Why a Co-Founder's Move Matters

A move of this magnitude by a big name like Jeffrey Wilcke is always intriguing for the market. Especially transfers to the stock market can create selling concerns. However, this time the situation looks a little different.

Flow from Kraken to New Wallets:

The entire amount Wilcke deposited was withdrawn from Kraken by 8 newly created wallets very soon after. This raises the possibility that Wilcke's intention may have been to transfer for a different purpose (perhaps for a more secure custody, DeFi integration, or a new project) rather than a direct sale.

Eyes are on the market to see how Ethereum reacts after this big move. Do you think this is a pre-sale move or just a change of address?

We look forward to your comments!