Ethereum Co-Founder Jeffrey Wilcke Transfers 105,737 ETH Worth $262 Million to Kraken, Followed by Multiple Wallet Withdrawals

Jeffrey Wilcke, co-founder of Ethereum who left the project in 2019 to start Arkham Data, transferred approximately 105,737 ETH, valued at around $262 million, to the cryptocurrency exchange Kraken on May 20, 2025. This transfer represented nearly his entire Ethereum holdings. Shortly after the deposit, the same amount of ETH was withdrawn from Kraken through multiple newly created wallets, suggesting the possibility that Wilcke did not intend to sell the cryptocurrency but rather moved it to other wallets, potentially to obscure the trail. Wilcke’s previous notable transfer to Kraken was on November 28, 2024, when he moved 20,000 ETH valued at $72.5 million at the time. The large movement of ETH has drawn attention within the crypto community, although no confirmed sale or liquidation has been reported. Additional large cryptocurrency transfers involving Bitcoin, Solana, Dogecoin, USDT, USDC, and XRP were also observed in the following days, indicating active large-scale movements in the crypto market.

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