Ethereum Co-Founder Transfers $262M in ETH to Kraken

Ethereum Co-Founder Transfers $262M in ETH to Kraken

Ethereum co-founder Jeffrey Wilcke transferred 105,737 ETH to Kraken, valued at approximately $262 million. Wilcke has been moving ETH funds to Kraken for years, amounting to 394,000 ETH at $1,295 per token on average.

The transaction was noted on May 20, 2025, without a direct statement from Wilcke. Social media platforms and blockchain analytics widely shared information, capturing significant interest within the crypto community. As highlighted by industry observer EmberCN, “The movement was flagged by blockchain analytics services and shared widely across social media platforms” [source].

The transfer occurred during a volatile period for crypto markets. Crypto markets might face liquidity pressures, though on-chain data suggests ETH might have been moved to new wallets, avoiding market sell-offs [source].

The impact extends beyond Ethereum, possibly affecting DeFi protocols and Layer 2 solutions built on its network. Traditional market conditions also interplayed with crypto sentiment amid macroeconomic concerns.

Recent transfers by founding members have prompted similar responses. Historical patterns show early adopters moving substantial assets, creating price fluctuations, liquidity concerns, or renewal of market strategies. Further implications and expert analysis remain essential. As noted by crypto analysts, “The timing of this large transfer, coming at a point of market uncertainty, has naturally raised questions among investors” [source].