Ethereum co-founder, Jeffery Wilcke, has recently caught the attention of the crypto community with his significant deposits of Ether (ETH) into the Kraken Exchange. In the latest deposit, Wilcke transferred 10,000 ETH, worth $37.38 million at the time. This comes amidst the anticipation surrounding the SEC’s statement on spot Ethereum ETF approval, which is scheduled for today. The surge in Ethereum’s price has further fueled speculation, as other Ethereum whales have also been making notable transactions this week.
Wilcke’s previous transactions indicate a pattern of deposits into the Kraken exchange. In February of this year, he deposited 4,300 ETH, followed by a large deposit of 10,000 ETH just four days later. These deposits were made when the altcoin was trading at an average of $2,650. Prior to these transactions, Wilcke had made his last whale movement in June 2023, transferring 22,000 ETH worth $41 million. This transaction occurred shortly before the market experienced a significant crash and marked Wilcke’s first activity in over two years.
After his June 2023 transaction, Wilcke held a total of 150,000 ETH, but his current holdings have decreased to 126,000 ETH, worth $475 million, after the recent deposit. This surprising move by Wilcke comes at a time when Ethereum has been experiencing price surges.
In addition to Wilcke’s transaction, other Ethereum whales have been making notable moves. In the past 12 hours, another whale account deposited nearly 11,000 ETH into Coinbase. Furthermore, Ethereum co-founder Vitalik Buterin transferred $300,000 worth of ETH to the privacy protocol Railgun on Wednesday.
In summary, the crypto community is closely watching the actions of Ethereum co-founder Jeffery Wilcke, as his recent deposits of ETH into the Kraken Exchange have raised questions about his intentions. With the SEC’s decision on spot Ethereum ETF approval looming, and the price of Ethereum experiencing significant upsurges, there is heightened anticipation and interest in the market.
