The co-founder of Ethereum (ETH), Jeffrey Wilcke, transferred approximately $ 262 million from ETH to a portfolio labeled as a Kraken deposit address on May 20, according to data on the channel.
The transfer of 105,736 ETH has emptied almost all Wilcke assets, leaving only 268.73 ETH in its portfolio. Subsequent withdrawals from the exchange suggest that this could be Wilcke dividing its assets in different wallets.
According to Lookonchain, a few minutes after his deposit, eight different addresses withdrew the equivalent of $ 262 million from Eth from Kraken. This is the first time that Wilcke has been a substantial transfer to an exchange since he moved $ 147 million in four transactions last year.
Despite the movement scale, the price of Ethereum remained relatively stable. At the time of the press, ETH was traded at $ 2,493, down 0.17% in the last 24 hours, largely in accordance with larger market performance.
In particular, Ethereum has shown solid performance in the last 30 days, amounting 72% of the stockings recorded earlier this year at a summit of $ 2,737.17 on May 13.
EF transfers
Ethereum transfers led by major figures associated with the protocol and the Ethereum (EF) foundation often lead to a meticulous examination within the community.
On August 23, 2024, the EF transferred $ 94 million from ETH to Kraken. This decision raised concerns among the members of the community, which aroused explanations of the contributor of the EF Josh Spark and the co-founder Ethereum Vitalik Buterin, who declared that the transfer was aimed at Support organizations contributing to Ethereum development.
The subsequent transactions of the Ethereum Foundation continued at the beginning of 2025, with the Foundation Sell 300 ETH in January onlytotaling about $ 981,200.
The community wondered if the foundation was to put its assets rather than liquidate them. In response, Buterin said that legal risks and the possibility of controversial protocol upgrades had dissuaded the EF scaling.
However, the Foundation began to allocate funds to decentralized financing platforms in February to generate a return.
The EF has deposited 30,800 ETH, worth around $ 82 million, in the Aaves loan markets. Spark received an additional deposit of 10,000 ETH and the compound received 4,200 ETH. Tom Wan analyst estimated an annual return of 1.5% Potential of these movements, equivalent to a gain of approximately 1.5 million dollars depending on current prices.
