According to on-chain data monitoring, Ethereum co-founder Jeffrey Wilcke recently made a significant fund transfer. His address, which had been dormant for about seven months, was reactivated and, within a short period, transferred a total of 79,258.61 ETH to the Kraken exchange through four different addresses, worth approximately $157 million at current market prices.
Despite the attention this large transfer garnered, the price of Ethereum did not show significant fluctuations. As of press time, ETH was priced at $1,979, maintaining an upward trend over the past 24 hours. After the transfer, Wilcke's main wallet still holds 27,421.73 ETH, worth approximately $54.37 million, indicating that he has not completely exited his position.
In comparison, the asset scale of another Ethereum co-founder, Vitalik Buterin, is even larger. On-chain data shows that his total crypto asset value is approximately $446.5 million, of which 224,119 ETH dominates, valued at $443.3 million, highlighting his long-term confidence in the Ethereum ecosystem.
Although this fund transfer has sparked discussions among analysts about potential selling pressure in the market, the market sentiment remains relatively stable based on price performance, with no signs of panic selling.