Ethereum Starts to Rise Strongly, One of the Founders Sells – Here Are the Details

Jeffrey Wilcke, one of the co-founders of Ethereum and the lead developer of the Go Ethereum (Geth) client, transferred 9,840 ETH ($9.22 million) to the Kraken exchange about an hour ago.

Wilcke transferred 105,737 ETH to eight new wallets three months ago and currently holds 95,897 ETH ($401.6 million). According to on-chain data, another known wallet of Wilcke also holds 268,732 ETH ($1.13 million), 1.13 million Status (SNT) tokens ($32,920), and 951,264 Ethereum Name Service (ENS) tokens ($27,940).

Wilcke, who co-founded Ethereum in 2014, played a crucial role in developing the core technology of ETH and was particularly prominent in developing the Go Ethereum (Geth) software. This software is known to be one of the most widely used software to access the ETH blockchain.

The price of ETH has become a hot topic of debate recently due to its recent surge. The largest altcoin has risen 21% in a week and is currently trading at $4,217 at the time of writing.