Ethereum co-founder Jeffrey Wilcke transferred approximately $262 million worth of ETH to Kraken, sparking market speculation about the potential impact on crypto prices. The transfer’s purpose remains unclear. 105,737 ETH were moved on May 20, 2025, with analysts suggesting this could be a strategic redistribution or liquidation. Wilcke has a history of gradually liquidating his Ethereum holdings, having transferred over $510 million to Kraken since 2016. While this transfer raises concerns about market volatility, community perspectives vary, some seeing it as a portfolio restructuring while others await further information. This move echoes past patterns when similar transactions by founding members have influenced market dynamics. Experts predict that the ultimate impact of the transfer will depend on whether assets are sold or redistributed.