🐋 $ETH Whale Sparks Buzz with $262M ETH Move

The crypto space lit up on May 20 after Ethereum co-founder Jeffrey Wilcke moved a massive 105,736 $ETH (≈$262M) — and the market is watching closely.

Blockchain tracker Lookonchain reported that Wilcke deposited a chunk of ETH into a CEX, followed by eight fresh wallets pulling out the full amount.

📊 Sell-off or shuffle?

While big CEX deposits usually hint at selling pressure, analysts suggest this could be a strategic wallet reshuffle or custodial transfer — not a dump.

🧠 “There’s no clear sign of liquidation,” one analyst noted. “It looks more like a redistribution.”

That said, large whale moves often shake short-term sentiment. Whether it’s a power play or pre-sell setup, ETH traders are on high alert.

👉 One thing’s for sure: when whales move, markets listen.

#ETH #Ethereum #CryptoNews $ETH