{"id":143542,"date":"2024-11-29T08:30:01","date_gmt":"2024-11-29T06:30:01","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=143542"},"modified":"2024-11-28T23:48:10","modified_gmt":"2024-11-28T21:48:10","slug":"ethereum-co-founder-moves-72-5m-to-kraken-amid-market-recovery","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/ethereum-co-founder-moves-72-5m-to-kraken-amid-market-recovery\/","title":{"rendered":"Ethereum Co-Founder Moves $72.5M to Kraken Amid Market Recovery"},"content":{"rendered":"<p>However, recent market activity has seen <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\">Ethereum<\/a> <\/strong>rally past $3,600, gaining over 4% in just 24 hours.<\/p>\n<p>This upward momentum appears to have influenced Ethereum co-founder Jeffrey Wilcke, who recently transferred 20,000 ETH\u2014valued at approximately $72.5 million\u2014to the Kraken exchange.<\/p>\n<p>In the crypto space, such large transfers to exchanges are often associated with potential sales, suggesting Wilcke may be taking profits amid Ethereum\u2019s recovery.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/altcoins-struggle-in-current-cycle-but-analysts-predict-future-growth-potential\/\" title=\"Altcoins Struggle in Current Cycle, But Analysts Predict Future Growth Potential\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/altcoins-2-1-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Altcoins Struggle in Current Cycle, But Analysts Predict Future Growth Potential<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Despite this substantial move, Wilcke remains a major holder of Ethereum. Data from <strong><a href=\"https:\/\/intel.arkm.com\/explorer\/entity\/jeffrey-wilcke\" target=\"_blank\" rel=\"nofollow\">Arkham<\/a> <\/strong>reveals he still controls 106,000 ETH, worth around $384 million.<\/p>\n<p>This latest transaction marks his fourth significant ETH sale in 2024, totaling 44,300 ETH sold, with an average price of $3,342 per token.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum, the second-largest cryptocurrency by market cap, has trailed behind Bitcoin in terms of performance throughout much of the year.<\/p>\n","protected":false},"author":3,"featured_media":102855,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24],"tags":[],"class_list":["post-143542","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins"],"acf":[],"yoast_head":"<!-- This site is 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