Ethereum co-founder Jeffrey Wilcke, who left Ethereum in 2019 to start his own gaming company, transferred 105,737 ETH, valued at approximately $262 million, to the cryptocurrency exchange Kraken. This move was reported by multiple sources, including Arkham, and occurred around 22:10 UTC+8 on May 20, 2025.

Following the deposit, Wilcke appears to have withdrawn the same amount of ETH from Kraken through multiple newly created wallets, including 8 and 12 new wallets, and 7 addresses withdrawing 104,746 ETH. This suggests the transfer might not have been intended for sale but rather for redistribution to other wallets. This action was noted approximately an hour after the initial deposit. Wilcke had previously transferred 20,000 ETH to Kraken on November 28, 2024.

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