ETH Whale Alert – This Monday, June 5, 2023, a whale (large holder) of the network Ethereum suddenly transferred 22,000 ether. And this is not just an early adopter of cryptocurrency. It is indeed an address belonging to Jeffrey Wilcke, co-founder of Ethereumwhich would be at the origin of this massive movement, carried out in the direction of the crypto-exchange kraken.
Jeffrey Wilcke’s Ethereum address sends 22,000 ETH to Kraken
Before the launch ofEthereum in 2015, this blockchain project had 8 co-founders. Apart from the best known Vitalik Buterinthis group included Charles Hoskinson (later founder of Cardano/ADA), Joseph Lubin (founder and CEO of Consensys), but also the programmer Jeffrey Wilckewhich interests us today.
Indeed, as reported in particular by The Block, on June 5, 2023, an Ethereum address known to belong to Jeffrey Wilcke withdrew 22,000 ether all round to another address. A priori, towards a wallet belonging to the crypto exchange platform kraken.
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Tens of millions transferred for less than 1 dollar
In the course of ether at the time of writing, this represents a movement of $41 million. A transfer made for the modest sum of $0.86 (0,000462 ETH) – how much would such a transfer have cost (and taken time) between two banking intermediaries ?
It will also be seen in the extract from the Etherscan explorer (below) that Jeffrey Wilcke has even more 150,000 ether on this address. be not far from $280 million.
At the time of writing, the story does not tell us Why Jeffrey Wilcke made this withdrawal from his personal wallet. Did he want sell part of his ethers? Or maybe put them in staking through Kraken’s service? It must be said that with already more than $7.7 billion of ETH deposited in staking at the end of May, this functionality at the base of the consensus by Proof of Stake (PoS) has met with more than great success.
To keep your cryptos, nothing beats a Ledger wallet. The Nano S and Nano X provide security and ease of use. Indeed, they are compatible with the vast majority of cryptos and networks. They are an absolutely essential alternative to all exchanges that offer to hold your assets for you. Remember, “Not your keys, not your coins” (commercial link)!