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
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.
This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz.
Source: https://thedefiant.io/news/people/ethereum-co-founder-jeffrey-wilcke-transfers-105737-eth-suspected-liquidation-to-32725c03