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

Ethereum's price rally might encourage sales, yet Wilcke retains a large crypto reserve.

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. <?xml encoding="UTF-8"?>

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 happened shortly after Ethereum’s price surpassed $3,600 for the first time in five months.

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.

Source: CoinGecko

This is a developing story.

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