COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Jeffrey Wilcke Transfers Ethereum to Kraken
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Altcoin News > Jeffrey Wilcke Transfers Ethereum to Kraken
Altcoin News

Jeffrey Wilcke Transfers Ethereum to Kraken

In Brief

  • Jeffrey Wilcke transferred 10,000 ETH to Kraken, valued at $37.38 million.

  • Wilcke has transferred $75.52 million worth of ETH to Kraken since 2024.

  • ETH's price surged over 23% this week, nearing its all-time high.

COINTURK NEWS
COINTURK NEWS 12 months ago
Share
SHARE

One of Ethereum’s (ETH) co-founders, Jeffrey Wilcke, made headlines by transferring 10,000 ETH to the US-based cryptocurrency exchange Kraken, according to Spot On Chain’s data. The transaction, valued at $37.38 million at $3,738 per ETH, is the latest in a series of significant transfers made by Wilcke.

Contents
Sold $75.52 Million Worth of ETH Since the Beginning of the YearStill Holds $473 Million Worth of ETH

Sold $75.52 Million Worth of ETH Since the Beginning of the Year

Since the beginning of 2024, Wilcke has transferred a total of approximately $75.52 million worth of 24,300 ETH to Kraken. These transfers have drawn attention due to Wilcke’s significant role in the development of Ethereum alongside Vitalik Buterin.

Notably, the timing of these transactions coincided with a significant rise in ETH’s price. ETH has surged over 23% since the beginning of the week, marking its largest weekly increase since May 2021. This price surge has brought the altcoin king closer to its all-time high of $4,868, currently standing at $3,780. The price increase is largely driven by growing expectations of a positive decision on a spot Ethereum ETF in the US expected today.

In addition to Wilcke’s transactions, other key figures in the Ethereum community have made notable moves. Another Ethereum co-founder, Vitalik Buterin, recently transferred 80 ETH worth approximately $300,000 to the Railgun crypto mixer. This transaction was part of a series of transfers Buterin has made to the mixer over the past six months, leading to speculation about the strategic intentions of Ethereum insiders.

Still Holds $473 Million Worth of ETH

Wilcke’s recent transfers have sparked curiosity about market activity, especially given the current upward trend in ETH’s price. Despite the large transfers, Wilcke still holds a substantial amount of ETH, approximately 126,000 ETH worth around $473 million. Along with Buterin’s actions, Wilcke’s moves highlight the importance of monitoring insider trading within the Ethereum ecosystem.

Currently, the cryptocurrency market signals a mix of greed and fear, and transactions by prominent figures like Wilcke and Buterin provide critical insights into the dynamics at play. While their transactions may indicate broader market strategies or personal financial decisions, it is essential to recognize their undeniable influence on market sentiment and investor behavior.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

BTCS Amplifies Ethereum Portfolio with a Strategic Pivot

Canary Capital Enhances Solana ETF with Strategic Partnership

Crypto Trends Spark A New Debate Over Future Price Surges

Expert Predicts Significant Bitcoin Reversal and Surprising Moves in Gold and Floki

New Stablecoin Regulations Open a Fresh Era in Hong Kong’s Crypto Market

COINTURK NEWS 23 May, 2024 - 1:47 pm 23 May, 2024 - 1:47 pm
Share This Article
Facebook Twitter
Share
Previous Article Bitcoin Leads Market with Worldcoin Facing Challenges
Next Article Central Bank Announces Interest Rate Decision
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

BTCS Amplifies Ethereum Portfolio with a Strategic Pivot
Altcoin News Cryptocurrency News
Canary Capital Enhances Solana ETF with Strategic Partnership
Altcoin News Cryptocurrency News
Americans Lead in Global Bitcoin Ownership Domination
Bitcoin (BTC)
Solana Overhauls System for Unprecedented Speed Boost
Solana (SOL)
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?