Ethereum Co-Founder Jeffrey Wilcke Transfers 105,737 ETH, Suspected Liquidation, to Kraken

Ethereum co-founder Jeffrey Wilcke has transferred $262 million worth of ETH, amounting to the last 105,737 ETH, to the cryptocurrency exchange Kraken, according to data from Arkham. This move is suspected to be a liquidation.

Wilcke, who left his Ethereum-related work in 2019 to start his own gaming company, has been moving ETH to Kraken since 2016. To date, he has transferred a total of 394,000 ETH to the platform, selling them at an average price of $1,295, resulting in approximately $510 million in total cash-out.

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