Ethereum cofounder Jeffrey Wilcke has triggered a wave of pessimism for ETH after a hefty asset switch to Kraken. On-chain information reveals that Wilcke moved 105,736 ETH to Kraken, stoking considerations of a mass sale, however a better look paints a benign image. Traders Increase Eyebrows After An Ethereum Cofounder Transfers 105,736 ETH Jeffrey Wilcke, certainly one of Ethereum’s eight cofounders, has moved virtually all of his ETH holdings to the Kraken change. In response to on-chain information, the Ethereum cofounder transferred 105,736 ETH valued at $262 million at present costs. The motion of a large quantity of ETH to a centralized change has raised eyebrows, with sell-off considerations reaching a fervent pitch. In the intervening time, the bearish sign has gained momentum with ETH costs tumbling by almost 2% inside minutes of Wilcke’s Kraken switch. This isn’t the primary time Wilcke has been whipping up bearish sentiments within the markets with… Read More at Coingape.com
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