Ethereum Transfer Fuels Speculation on Future Moves

A recent transaction involving blockchain analyst Jeffrey Wilcke has sparked speculation regarding his intentions for his Ethereum holdings. On May 20th, according to Lookonchain, Wilcke deposited Ethereum into a centralized exchange (CEX). Afterward, eight newly created wallets then withdrew a significant amount – 105,736 Ethereum worth approximately $262 million. Lookonchain analysts suggest this transfer may not signal an immediate sale but rather a strategic move to redistribute the Ether among different wallets.