Ethereum Co-Founder Moves $262 Million to Kraken: What Does This Mean?

Ethereum co-founder Jeffrey Wilcke recently sent a significant amount of ETH – approximately $262 million – to the cryptocurrency exchange Kraken. This move, tracked by Arkham Intelligence, has raised concerns among market observers as Kraken is known for its role in facilitating large-scale liquidations. The timing of this transfer coincides with a recent price rebound, but it remains unclear what Wilcke’s intentions were.