Ethereum Co-Founder Moves $262 Million in ETH to Kraken, Sparking Market Speculation

Ethereum co-founder Jeffrey Wilcke transferred a substantial amount of Ethereum – 105,737 ETH worth roughly $262 million – to the cryptocurrency exchange Kraken. This transaction, which occurred on May 20, 2025, has raised eyebrows in the market and sparked speculation about a potential large-scale selloff. On-chain data reveals Wilcke’s wallet now holds only 265 ETH, highlighting one of the largest single withdrawals by an Ethereum co-founder in recent history.