- Ethereum co-founder Jeffrey Wilcke sent his final 105,737 ETH—worth $262M—to Kraken.
- Across several years, he’s transferred 394,000 ETH total, cashing out around $510M.
- Wilcke left Ethereum in 2019 to start a gaming firm, and this latest move might be his final step away.
Jeffrey Wilcke, one of the lesser-known co-founders of Ethereum, just made a big move—literally. According to data pulled from Arkham, Wilcke has sent his last 105,737 ETH, worth around $262 million, straight to crypto exchange Kraken. It’s got people talking, with many speculating this was a final liquidation play.
From Developer to Gamer
Wilcke hasn’t been hands-on with Ethereum for a while now. Back in 2019, he stepped away from the project to focus on building a gaming company. But even before that, he’d been slowly unloading his stash of ETH. Since 2016, he’s been sending chunks to Kraken—quietly, consistently.
Total ETH Moved? A Lot.
All told, Wilcke has transferred about 394,000 ETH to Kraken over the years. Based on Arkham’s data, the average sale price across those years comes in at roughly $1,295 per ETH. That means he’s cashed out with a total close to $510 million. Not bad for someone who flew under the radar compared to Ethereum’s more public faces.
What This Means for the Market
The timing of this final transfer is stirring up conversation. Some worry it signals a bearish take from one of ETH’s early minds. Others say it’s just smart portfolio management—he’s long out of the dev trenches and may just be tying up loose ends. Either way, moving that much ETH at once is bound to rattle or inspire, depending on who you ask.
Eyes on the Blockchain
As usual, the blockchain doesn’t lie. This kind of transparency is exactly what keeps people glued to crypto Twitter and on-chain trackers.
Whether Wilcke’s move ends up being just a blip or part of a larger trend, one thing’s clear—it got the whole ecosystem paying attention.
