Ethereum co-founder Jeffrey Wilcke sends $157M in ETH to Kraken after months of wallet silence

A wallet associated with Ethereum co-founder Jeffrey Wilcke executed a significant transaction, sending 79,358 ETH, valued at approximately $157 million, to the Kraken exchange on Saturday. This move occurred eight months after Wilcke had reportedly moved $41 million worth of ETH. Wilcke, known for creating Geth, the most widely used Ethereum client, was an early co-founder who received an estimated 463,000 ETH allocation. He has periodically sold portions of his holdings over the years. At the time of reporting, Ethereum was trading around $1,900. Transactions by prominent figures like Wilcke often influence market sentiment more strongly than those by anonymous large holders.

(Source：Crypto Briefing)