Ethereum Cofounder Moves 105,736 ETH To Kraken; Is A Sell Off Ahead?
Ethereum cofounder Jeffrey Wilcke has triggered a wave of pessimism for ETH after a hefty asset transfer to Kraken. On-chain data reveals that Wilcke moved 105,736 ETH to Kraken, stoking concerns of a mass sale, but a closer look paints a benign picture. Investors Raise Eyebrows After An Ethereum Cofounder Transfers 105,736 ETH Jeffrey Wilcke, one of Ethereum’s eight cofounders, has moved almost all of his ETH holdings to the Kraken exchange. According to on-chain data, the Ethereum cofounder transferred 105,736 ETH valued at $262 million at current prices. The movement of a sizable amount of ETH to a centralized exchange has raised eyebrows, with sell-off concerns reaching a fervent pitch. At the moment, the bearish signal has gained momentum with ETH prices tumbling by nearly 2% within minutes of Wilcke’s Kraken transfer. This is not the first time Wilcke has been whipping up bearish sentiments in the markets with… Read More at Coingape.com
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