CO FOUNDER ETHEREUM TRANSFERS $ETH TO KRAKEN EXCHANGE
- Yesterday, on 20/05/2025, Jeffrey Wilcke, co-founder of Ethereum, sent 105,737 ETH (worth 262 million USD) to Kraken exchange.
- However, within an hour later, 8 new wallets withdrew the same amount of 105,736 ETH (approximately 262 million USD) from Kraken, indicating that this ETH may not have been sold but rather redistributed to other wallets.
- On-chain data shows that the ETH withdrawal transactions occurred quickly, with new wallets receiving ETH from Kraken within approximately 35 to 48 minutes after the transfer, including amounts like 44,482 ETH (110 million USD), 10,519 ETH (26.02 million USD), and 34,046 ETH (84.19 million USD).
=> This may not be a selling action, but rather a distribution transfer to new wallets in preparation for subsequent activities.
=> Previously, Jeffrey has also transferred large amounts of #ETH to exchanges, with 4 significant transfers in 2024, 3 of which were before price surges.
- What are your thoughts?
