Jeffrey Wilcke, a co-founder of Ethereum, has transferred a significant amount of ETH to the crypto exchange Kraken.
Large Transactions
Wilcke sent 10,000 ETH (worth $27.52 million) to Kraken on Wednesday and 4,300 ETH (worth $10.75 million) over the weekend.
Purpose Unknown
It’s unclear why Wilcke moved the ETH, but it could be for sale on the open market through Kraken.
Remaining Holdings
Despite the transfers, Wilcke still holds over 135,738 ETH, worth over $371 million.
Market Context
The ETH transfers occurred as Ethereum hit two-year highs, trading at $2,738 at the time.
Other Notable Transactions
An early Ethereum investor recently deposited 39,260 ETH (worth $87.5 million) to Kraken after five years of inactivity. If sold, the investor could have made a profit of $78 million.
