#MarketPullback @Ethereum
๐จ Ethereum Co-Founder Just Moved $6M $ETH to Kraken โ Wake Up, Market! ๐จ
Jeffrey Wilcke โ one of Ethereumโs OG co-founders โ just dropped 1,500 ETH (~$6M) onto Kraken.
This isnโt just noiseโฆ this is history repeating:
๐ Pattern Check:
๐ธ Aug 2024 โ $9.22M ETH moved
๐ธ 2020 โ $262M ETH sent to exchanges
Every time Wilcke moves, the market listens. ๐
๐ก Why You Should Care:
โ Exchange deposit = potential sell pressure (vs. hodl cold wallets)
โ Cofounder move > random whale move โ these guys hold untouched reserves
โ ETH is near $4K โ timing like this often signals profit-taking
๐ $6M wonโt crash $ETH alone โ but itโs the signal that matters.
Big players move first, market reacts later.
๐ Takeaway: This could be a hedge, a rebalance, or a sell โ but ignoring insider moves in this zone = playing blind.
---