Ethereum co-founder Jeffrey Wilcke recently moved 105.737 ETH to the Kraken exchange

This move is considered significant, especially since Wilcke has maintained a history of significant Ethereum transfers since 2016.

Ethereum (ETH) co-founder Jeffrey Wilcke recently moved 105.737 ETH to the Kraken exchange in a transaction that has caught the attention of the crypto market. According to data from Arkham, the total amount transferred is valued at around $262 million.

This latest move by Wilcke is considered significant, especially since he has been transferring large amounts of ETH since 2016. Most of these transactions were also directed to Kraken, suggesting a possible gradual liquidation strategy over the years.

After stepping away from direct involvement in Ethereum development in 2019 to start his own gaming company, Wilcke has been gradually selling off his early coins. To date, he has already transferred a total of 394.000 ETH to the same exchange.

With an estimated average sale price of $1.295 per unit, the total withdrawn reaches approximately $510 million.

The latest move has reignited debates about the influence of large ETH holders on the market. While there is no official confirmation yet that the funds were actually sold, the transfer to a centralized exchange usually indicates such intent.

Historically, high-volume transfers by prominent figures in the Ethereum ecosystem tend to impact investor and analyst sentiment. However, the price of ETH did not experience any sharp changes immediately after the transaction, which may indicate healthy market absorption.

Wilcke’s track record reinforces the role of early network developers as significant players in Ethereum’s circulating volume. At a time when the market is watching every move made by large wallets, these transactions are gaining attention not only for the amount involved, but also for their potential impact on the behavior of other investors.