Ethereum co-founder transfers 20,000 ETH to Kraken as price hits $3,600


Key Takeaways

  • Jeffrey Wilcke transferred 20,000 ETH to Kraken on Nov. 28.
  • Wilcke has sold a total of 44,300 ETH in 2024, maintaining a position of approximately 106,000 ETH.

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A wallet connected to Ethereum co-founder Jeffrey Wilcke moved 20,000 ETH worth $72.5 million to crypto exchange Kraken, according to data tracked by Arkham Intelligence. The transfer took place shortly after Ethereum’s price topped $3,600 earlier this morning.

Source: Arkham Intelligence
This marks Wilcke’s fourth transfer this year, totaling 44,300 ETH sold for approximately $148 million, with an average selling price of around $3,342.Despite a reduction in holdings, Wilcke still holds approximately 106,000 ETH, valued at around $382 million based on current market prices.
Source: Arkham Intelligence
Data from CoinGecko shows that Ethereum made a strong push towards $3,700 early Thursday, but the momentum stalled, leading to a slight pullback. It is currently trading at $3,587, up almost 3% in the last 24 hours.var rocket_beacon_data = {“ajax_url”:”https://cryptobriefing.com/wp-admin/admin-ajax.php”,”nonce”:”09a6ccfb67″,”url”:”https://cryptobriefing.com/ethereum-co-founder-transfer-kraken”,”is_mobile”:true,”width_threshold”:393,”height_threshold”:830,”delay”:500,”debug”:null,”status”:{“atf”:true},”elements”:”img, video, picture, p, main, div, li, svg, section, header, span”}
Source: CoinGecko
This is a developing story.

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