Ethereum co-founder shifts $6M of ETH, but whales bought $1.6B

Ethereum co-founder Jeffrey Wilcke seemingly still holds hundreds of millions worth of Ether across multiple wallets.

Ethereum co-founder Jeffrey Wilcke could be looking to sell some of his Ether holdings after sending around 1,500 ETH to crypto exchange Kraken on Thursday. 

Wilcke sent 1,500 Ether (ETH), worth around $6 million, to the crypto exchange, according to onchain analytics platform Lookonchain. It came as the price of Ether dropped from $4,000 to around $3,900.

Moving cryptocurrency to an exchange deposit address does not guarantee it is being sold. 

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