- Ethereum cofounder Jeffrey Wilcke moved 79,258 ETH worth about $157M to Kraken after seven months of wallet inactivity.
- The transfers were split across four wallets and executed within minutes during low liquidity trading hours.
- Wilcke-linked wallets still hold 27,421 ETH on-chain valued at roughly $54M after the recent transfers.
Ethereum cofounder Jeffrey Wilcke has moved a large amount of Ether after months of inactivity. Blockchain data shows that wallets linked to Wilcke transferred about 79,258 ETH to the Kraken exchange. The transfers occurred after a seven month period with no visible activity from the address.
The Ether move is worth more than $157 million based on recent market prices. The activity has drawn attention from traders and analysts who are monitoring exchange flows and large wallet movements.
Ethereum Cofounder Wallet Becomes Active Again
Blockchain tracker @ai_9684xtpa reported that an address linked to Jeffrey Wilcke became active again after several months. The wallet had shown no major movements for about seven months. Activity resumed when multiple transactions began sending Ether to new addresses.
According to @ai_9684xtpa, Ethereum co-founder Jeffrey Wilcke is suspected of selling 79258.61 ETH, worth $157 million. After 7 months, his address became active again, transferring a large amount of ETH to Kraken via 4 addresses just 5 minutes ago. He currently holds 27421.73…
— Wu Blockchain (@WuBlockchain) March 7, 2026
Data shows the transfers were divided across four different wallets. These addresses later moved the funds toward the Kraken exchange. The transactions happened within a short time window. Records show the transfers took place within minutes of each other.
Observers noticed the timing because the activity occurred during lower liquidity trading hours. Such timing can attract attention because large transfers may affect market conditions.
Around 79,000 ETH Sent to Kraken
On-chain data indicates that about 79,258.61 ETH was transferred from the linked wallets. At the time of the transactions, the value of the assets stood near $157 million. Several transfers appeared within minutes as funds moved toward exchange deposit addresses.
Large transfers to exchanges often attract market attention because exchanges allow assets to be sold or traded quickly. Traders monitor such movements since they can precede trading activity.
Reports also noted that the transfers occurred gradually through multiple transactions. This structure may reduce immediate market reaction. Each transaction moved portions of the total amount rather than the full balance at once.
Remaining Holdings Still Above 27,000 ETH
Blockchain records show that the address linked to Wilcke still holds a large balance. Data indicates that about 27,421.73 ETH remains in the wallet. At recent market prices, this amount is valued near $54.37 million.
The remaining funds stay on-chain and have not moved toward exchange addresses so far. Analysts who track blockchain activity often monitor such balances to identify future movements.
Wilcke has long been associated with early Ethereum development. He served as a cofounder and contributed to the early growth of the network. His wallets have previously appeared in large transactions during earlier market cycles.
Traders Monitor Large Wallet Activity
Large movements from early Ethereum holders often attract attention across the crypto market. Traders and analysts frequently track wallets linked to project founders. Such movements can lead to speculation about potential sales or portfolio changes.
Some traders suggested the transfers could represent portfolio management or treasury activity. Others noted that exchange deposits sometimes precede liquidity moves or trading activity.
Market participants continue watching the wallet addresses linked to the transfers. Blockchain data allows public tracking of these transactions. Further activity from the same wallets may provide more clarity about the purpose of the transfers.
