According to on-chain analyst Ai姨 (@ai 9684xtpa), Ethereum co-founder Jeffrey Wilcke appears to have sold 79,258.61 ETH, valued at $157 million. His address, inactive for seven months, recently became active, transferring a large amount of ETH to Kraken via four addresses five minutes ago. He currently holds 27,421.73 ETH on-chain, worth $54.37 million.
ETH co-founder Jeffrey Wilcke allegedly sells 79,258.61 ETH worth $157M
TechFlowShare
Summary
Ethereum co-founder Jeffrey Wilcke is reported to have sold 79,258.61 ETH, valued at $157 million, according to on-chain trading signals tracked by Aiye (@ai9684xtpa). The address had been inactive for seven months before transferring funds to Kraken via four addresses within five minutes. Wilcke still holds 27,421.73 ETH, worth $54.37 million. Traders are assessing the risk-to-reward ratio of such large on-chain movements.
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