Ethereum co-founder transfers $41 million in ether to address on Kraken

Quick Take

  • Ethereum co-founder Jeffrey Wilcke appears to have transferred $41 million in ether to an address on Kraken for the first time in 29 months.

An Ethereum address reportedly controlled by Ethereum co-founder Jeffrey Wilcke has transferred 22,000 ether, worth $41.1 million, to an address on the Kraken exchange.

The transfer occurred roughly two hours ago. Multiple sources labeled the address as belonging to Wilcke, including analytics platforms Nansen and Arkham, The Block Research confirmed.

Wilcke's address still holds over 150,000 ether, worth nearly $280 million.

As noted by crypto reporter Colin Wu, Wilke's address hadn't transferred ether out for 29 months, when 15,000 ether was transferred into Kraken.

The price of ether is down just over 1.25% on the day.

tradingview chart showing the price of ETHUSD on bitstamp over the past week

The price of ether has decreased by 2.25% over the past week. Source: TradingView

This article has been updated to include the price of ether.

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