Big Transfer from Ethereum Co-Founder! However, the 473 Million Dollar Threat Continues!

SEC’s spot Ethereum ETFThe probability of approving ‘s increased, and this ETH brought a rally to its price. At this point, the ETH price has increased by more than 23% in the last few days. Ethereum co-founder Jeffrey WilckeThe name ETH came from .

While sending large amounts of crypto to exchanges in the cryptocurrency market is generally interpreted as a sale, Jeffrey Wilcke said that today cryptocurrency exchanges He transferred 10,000 ETH worth $37.38 million to Kraken.

Wilcke, who evaluated the rise in ETH and sold profits, continues to hold a significant amount of ETH despite these large transfers.

According to Spot On Chain data, Wilcke currently holds 126 thousand ETH worth $473 million.

“Ethereum co-founder Jeffrey Wilcke deposited 10,000 ETH (valued at $37.38 million) on Kraken ~2 hours ago at an average price of $3,738.

Since the beginning of 2024, he has deposited 24,300 ETH worth $75.52 million on Kraken at an average price of approximately $3,108, and the last deposit was made before the price started to rise!

Currently, Jeffrey Wilcke still has 126 thousand ETH ($473 million) in his possession.”

Ethereum continues to trade at $3,803 at the time of writing.

#Ethereum co-founder Jeffrey Wilcke (@jeffehh) deposited 10,000 $ETH ($37.38M) to #kraken at $3,738 ~2hrs ago.

Since the start of 2024, he has deposited 24,300 $ETH to Kraken at ~$3,108 ($75.52M), with the last deposit done before the price started to soar!

Currently, Jeffrey… pic.twitter.com/sERRId8yfj

— Spot On Chain (@spotonchain) May 23, 2024

*This is not investment advice.