Ethereum Co-founder Transfers $262M in ETH to Kraken

In a significant move that has sparked speculation within the cryptocurrency community, Ethereum co-founder Jeffrey Wilcke transferred 105,736 ETH (approximately $262 million) to the exchange Kraken on May 20, 2025. This transfer stands out as Wilcke has historically been absent from active crypto development since his involvement in Ethereum’s early years. The magnitude of this transaction and Wilcke’s past history of large transfers have ignited curiosity among market observers about potential repercussions.