Cryptocurrency news has confirmed that Jeffrey Wilcke, co-founder of Ethereum and a key figure in its early development alongside Vitalik Buterin, transferred a substantial amount of ETH—105,737 coins valued at around $262 million—to Kraken. This move sparked speculation about potential sell-offs but blockchain analysis suggests it may be part of a strategic portfolio shift rather than liquidation. 12 newly created wallets were used to receive the transferred ETH from Wilcke, hinting at potential internal reallocation. While market reaction remains muted for now, this transfer is significant given Wilcke’s historical pattern of large ETH transactions. Blockchain data shows he often maintains his personal holdings over time without immediate sale or liquidation activity, suggesting a consistent approach to asset management. The cryptocurrency ecosystem awaits further developments while monitoring for potential sell-off signals.