Jeffrey Wilcke, a co-founder of Ethereum, has sent 105,737 ETH to cryptocurrency exchange Kraken. The transaction, valued at approximately $262 million, marks one of the largest moves by an Ethereum figure in recent history. This transfer has ignited debate within the crypto community. Wilcke now holds a negligible amount of ETH – just 265.4 ETH ($659,000). The transaction’s size and timing have raised speculation regarding Wilcke’s intentions: Is it a potential sell-off, a diversification strategy, or simply a change in custody? Ethereum co-founder Jeffrey Wilcke made headlines with his recent $262 million ETH deposit to Kraken, triggering market intrigue. While Wilcke hasn’t publicly commented on the move, the drastic reduction of his remaining ETH holdings suggests a significant portfolio shift. The community is closely watching for more insights from Wilcke and his actions could influence market sentiment, especially in a volatile crypto landscape.