Jeffrey Wilcke Moves 20,000 ETH to Kraken as Ethereum Surge

Last updated: November 29, 2024 11:11 AM

Published November 28, 2024 9:04 PM

Last updated: November 29, 2024 11:11 AM

Published November 28, 2024 9:04 PM

Jeffrey Wilcke Moves 20,000 Eth To Kraken As Ethereum Surge

Ethereum co-founder Jeffrey Wilcke has moved 20,000 ETH, valued at approximately $72.5 million, to the Kraken cryptocurrency exchange.

Jeffrey Wilcke Moves Eth — Jeffrey Wilcke Moves ETH, Source: Arkham Intelligence

The transfer occurred shortly after Ethereum hit a high of $3,600 earlier today, according to data from Arkham Intelligence.

This marks Wilcke’s fourth transfer in 2024, totaling 44,300 ETH worth about $148 million, with an average sale price of roughly $3,342 per ETH. Despite the reduction in his holdings, Wilcke still owns around 106,000 ETH, valued at approximately $382 million at current market prices.

Eth Price Chart — ETH price, Source: CoinGecko

According to CoinGecko data, Ethereum surged toward $3,700 early Thursday, but the momentum slowed, resulting in a slight pullback. It is currently priced at $3,566, reflecting only 1% increase in the past 24 hours.

Also Read: Justin Sun Cashes Out $60.8M in ETH After 29% Price Surge

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