Ethereum Co-Founder Moves $41M Worth of ETH to Kraken

• Jeffrey Wilcke sent 22,000 ETH to a Kraken address.
• The 22,000 ETH was worth around $41 million at the transfer time.
• Wilcke’s transfer occurred just hours before the SEC sued Binance.

The current crypto bear market has been one of the most brutal ones. Multiple companies have gone bust, and digital asset prices have plummeted.

The price has somewhat rebounded for Ethereum (ETH) since the local bottom of around $850.

However, on Monday, one of Ethereum’s co-founders transferred millions of dollars worth of ETH to a Kraken address, causing speculation that the ETH had been dumped.

Ethereum Co-Founder Transfers 22,000 ETH

ETH has been enjoying quite steady growth since the...

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