Ethereum Cofounder Jeffrey Wilcke-Linked Wallet Transfers 79,358 ETH Worth $157M to Kraken

A wallet associated with Ethereum cofounder Jeffrey Wilcke transferred 79,358 ETH, valued at approximately $157 million, to Kraken after eight months of inactivity, the original report said. Wilcke, allocated an estimated 463,000 ETH as a founding team member, has periodically sold portions of his holdings over the years. ETH is trading near $1,900, about 60% below its all-time high of roughly $4,900 reached in August, the report added.