A wallet linked to Ethereum co-founder Jeffrey Wilcke moved 79,358 ETH — roughly $157 million — to the Kraken exchange on Saturday, according to on-chain analyst @ai_9684xtpa.
The transfer occurred about eight months after Wilcke reportedly moved $41 million worth of ETH. Data tracked by Lookonchain showed he held 95,897 ETH at that time.
Wilcke joined the Ethereum team in late 2013 and is known for creating Geth, the most widely used client for running Ethereum nodes. He helped maintain the network’s core infrastructure until stepping back around 2018 and later moved into gaming with the launch of Grid Games.
As an early co-founder, Wilcke is estimated to have received an allocation of 463,000 ETH. He has intermittently offloaded portions of his holdings over the past few years.
Ethereum was trading around $1,900 at the time of reporting, up about 4% over the last seven days, per CoinGecko. The token remains roughly 60% below its record high near $4,900 set last August.
Crypto assets like Ethereum often react to the activity of large holders, and transactions by well-known figures can trigger stronger market responses than moves by anonymous whales.
Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.
