Ethereum Whales Scoop Up $1.6B ETH Amid Co-Founder Sale Speculation
Ethereum whales have scooped up more than $1.6 billion worth of ETH in the past two days, even as speculation swirls over whether co-founder Jeffrey Wilcke is preparing to sell. Fifteen wallets bought over 406,000 ETH during the period, says Lookonchain, from crypto exchanges Kraken, Galaxy Digital, BitGo, and FalconX. Meanwhile, Wilcke recently transferred 1,500 ETH, worth about $6 million, to the crypto exchange Kraken. This move sparked speculation of a possible sale, though it’s unclear if the tokens were sold or moved between wallets. Wilcke, who now leads video games company Grid Games, has not commented publicly on the transfers. A wallet likely belonging to Jeffrey Wilcke—the co-founder of #Ethereum—has just deposited 1,500 $ETH ($5.99M) into #Kraken. Over the past week, this wallet has transferred a total of 2,500 $ETH ($10.3M) to Kraken at an average price of $4,124, and currently holds 2,058 $ETH… pic.twitter.com/iLzBWj5STM — S...