Transfer of 6 Million Dollars in ETH by Ethereum Co-Founder
Jeffrey Wilcke, one of the co-founders of Ethereum, is in the spotlight with a striking sales move. According to on-chain data, Wilcke transferred approximately 1,500 ETH (around 6 million dollars) to an exchange.
While the movements of institutional investors and whales in the market are closely monitored, this sell-side transaction has increased the expectation of short-term price pressure among investors. Although Ethereum has gained strength from recent ETF inflows and increasing institutional interest, such transfers from co-founders are causing a cautious atmosphere in the market.
Experts state that such high-volume exchange transfers are generally perceived as potential sell signals and can have significant effects on investor psychology.
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