Ethereum Co-Founder Jeffrey Wilcke Sells 20,000 ETH for $72.5 Million Amid 2024 Market Moves

In a significant move within the cryptocurrency sphere, Ethereum co-founder Jeffrey Wilcke has recently deposited a substantial 20,000 ETH, valued at approximately $72.5 million, into the Kraken exchange. This transaction, reported by Spot On Chain, marks his fourth ETH sale this year, culminating in a hefty total of 44,300 ETH sold for around $148 million. Notably, Wilcke’s average selling price stands at $3,342, reflecting a calculated strategy amidst the dynamic crypto market. Such movements by prominent figures often indicate broader market sentiments and can influence trading behaviors significantly. Investors and enthusiasts alike will be keenly observing whether this transaction will shape Ethereum’s price trajectory in the coming weeks, as liquidity and market interest continue to evolve.