Ethereum
Ethereum co-creator hits major US exchange with 10,000 ETH transfer
Gamza Khanzadaev
23% Ethereum Price Pump Triggers 10,000 ETH Dump by One of Ethereum Co-Founders, Jeffrey Wilcke
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Jeffrey Wilcke, one of the co-founders of Ethereum, transferred 10,000 ETH to the leading US exchange Kraken today, as reported Spot on the channel. The transfer, valued at approximately $37.38 million, was made at an exchange rate of $3,738 per ETH. This large deposit is part of a series of large transactions made by Wilcke, who has transferred a total of 24,300 ETH to Kraken since the start of 2024, for a total of approximately $75.52 million.
Wilcke, key figure in the development of Ethereum (ETH), co-founded the blockchain platform with Vitalik Buterin. Its recent market activity has attracted considerable attention, particularly in light of the recent surge in the price of ETH.
Recall that since the start of this week, the price of the leading altcoin has increased by over 23%, marking the largest weekly increase since May 2021. This surge saw the price of ETH climb to $3,780, bringing it closer thus the record level. -an all-time high of $4,868.
The significant price rise occurred amid growing expectations for a positive decision on the Ethereum ETF, which is expected to be known today.
ETH to USD by CoinMarketCap
In addition to Wilcke’s transfers, other prominent figures in the community have also taken notable steps. Vitalik Buterin, another co-founder of Ethereum, recently transferred 80 ETH, worth around $300,000, to coin mixer Railgun.
The transaction is part of monthly installments paid by Buterin to the mixer over the past six months, raising questions about the strategic maneuvers of key players in the sector. Ethereum ecosystem.
Wilcke still owns a significant amount of Ethereum, with 126,000 ETH worth approximately $473 million remaining in his possession. As greed and fear reign in the market, it seems that monitoring the actions of insiders is more important than ever.
About the Author
Gamza Khanzadaev
Financial analyst, trader and crypto enthusiast.
Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master’s program in banking and asset management.
He wants to participate in covering economic and financial technology topics, as well as making more people aware of cryptocurrencies and blockchain.