Ethereum Co-founder’s Massive $262M Transfer Sparks Discussion

Ethereum co-founder Jeffrey Wilcke recently transferred a substantial amount of Ethereum (ETH), sparking debate within the cryptocurrency community. According to blockchain analytics firm Lookonchain, Wilcke moved 105,737 ETH, worth roughly $262 million, from his wallet to Kraken Exchange. However, this transfer was not immediately followed by a sale; instead, almost all of the ETH (105,736 ETH) were withdrawn and distributed to eight new wallets shortly after. This unexpected move has raised several questions about Wilcke’s intentions, prompting speculation and analysis from crypto enthusiasts.