Yeliz Akmaca 
Ethereum co-founder Jeffrey Wilcke recently transferred approximately $6 million worth of 1,500 ETH to the Kraken crypto exchange. While this move drew attention, it is small compared to whale purchases. In the last two days, whales bought over $1.6 billion worth of ETH.
Wilcke’s ETH Transfer and Previous Movements
According to Lookonchain, Wilcke sent around 1,500 Ethereum to Kraken on Thursday, as Ether traded between $3,900 and $4,000. Moving crypto to an exchange does not necessarily mean it will be sold. Previously, Wilcke deposited $9.22 million worth of ETH in August. However, Lookonchain had estimated that a similar amount of ETH was moved not for selling, but to eight newly created wallets. Later, Wilcke reshared a user’s speculation on X suggesting he might sell more ethereum in the future.
https://twitter.com/LongedBitcoin/status/1971260410524479663
Wilcke played an active role in Ethereum’s early development from December 2013 to March 2018. He then founded the video game studio Grid Games in 2018, where he currently serves as CEO and technical director. Estimates suggest Wilcke still holds hundreds of millions of dollars in Ether across multiple wallets.
Whales Are Accumulating Ether
Despite a 13% drop in Ether prices over the past week, whales continue buying at lower levels. Lookonchain reports that at least 15 wallets purchased over 406,000 ETH in the last two days, worth $1.6 billion.
These purchases came from Kraken, Galaxy Digital, BitGo, and FalconX. Earlier this month, whales also bought 260,000+ ETH between August 24–26, totaling $1.14 billion.
ETH Market Drop and Investor Strategies
- Ethereum prices fell around 13% recently.
- Whales continue accumulating Ether at lower prices.
- Wilcke’s exchange transfers may not indicate immediate sales.
- Future ethereum price movements will depend on both whale activity and Wilcke’s wallet actions.
- These developments highlight a critical period for Ethereum and ETH investors.
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