Ethereum price 23% pump triggers 10,000 ETH dump by one of Ethereum cofounders, Jeffrey Wilcke
Jeffrey Wilcke, one of the cofounders of Ethereum, transferred 10,000 ETH to major U.S. exchange Kraken today, as reported by . The transfer, valued at approximately $37.38 million, was made at an exchange rate of $3,738 per ETH. This significant deposit is part of a series of large transactions by Wilcke, who has transferred a total of 24,300 ETH to Kraken since the beginning of 2024, totaling around $75.52 million., cofounded the blockchain platform with Vitalik Buterin.
The transaction is part of monthly tranches by Buterin to the mixer over the past six months, raising questions about the strategic maneuverings of key players in the Wilcke still owns a significant amount of Ethereum, with 126,000 ETH worth about $473 million remaining in his possession. While greed and fear rule the market, it seems that watching the actions of insiders is more important than ever.
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