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

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.

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