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, 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

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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