Emre Yumlu 
Ethereum co-founder Jeffrey Wilcke has transferred 9,840 ETH (approximately $41.33 million) to the Kraken exchange about an hour ago. This notable move has sparked various speculations within the crypto community.
Significant Ethereum Transfers Over the Past Three Months
When viewed alongside his recent activity, Wilcke’s latest transaction becomes even more noteworthy. Three months ago, he moved 105,737 ETH into eight newly created wallets. He currently holds 95,897 ETH, valued at around $401.6 million.
These figures highlight that Wilcke still maintains a significant presence in the Ethereum ecosystem, and his actions remain closely watched by the market.
Possible Reasons Behind the Transfer
Wilcke’s sizable ETH deposit to Kraken could be driven by several factors:
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Selling for fiat currency or other assets (in line with his previous divestment history)
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Portfolio rebalancing or diversification
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Using Kraken’s services such as staking or lending
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Funding personal projects or meeting private needs
Potential Market Impact
Given ETH’s high liquidity, this transaction is unlikely to have a major immediate effect on its price. However, large-scale moves by a co-founder always draw investor attention and can trigger short-term psychological impacts on Ethereum price movements.
Wilcke’s actions in the coming days may reveal the true purpose behind this transfer. In the crypto market, moves by major players are always under the spotlight, and this development will remain on investors’ radar.
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