Ethereum Co-Founder Sends 20,000 ETH to Kraken at $3,600 Price

Ethereum co-founder, Jeffrey Wilcke, recently transferred 20,000 ETH to Kraken as Ethereum’s price surged past $3,600. This move comes after Wilcke sold 10,000 ETH for $37 million back in May, totaling 44,300 ETH sold in 2024, adding up to around $148 million. Despite this significant sale, Wilcke still holds about 106,000 ETH, valued at approximately $382 million at current market prices.

On Thursday, Ethereum saw a strong rally towards $3,700 before experiencing a slight pullback. At the time of writing, the price of Ethereum was hovering around $3,587, representing an almost 3% increase in the last 24 hours.

These developments highlight the ongoing activity within the Ethereum ecosystem and demonstrate the continued interest and engagement with the cryptocurrency market. Stay tuned for more updates on this evolving story!