May 20, 2025

at

12:00 am

EST

(Updated:

)

MIN READ

Ethereum Co-Founder Sends $262M of ETH to Kraken

Arkham
Article
Guides
News
Reports
Trading

Contents

    Jeffrey Wilcke on Arkham
    Jeffrey Wilcke on Arkham

    Ethereum co-founder, Jeffrey Wilcke, just sent 105,737 ETH, or $262M worth, from his public address, 0xa7E, to Kraken. This left his public addresses with just 267.73 ETH, a mere 0.25% of his original holding. On-chain observers speculated that he deposited with the intention to sell, as many early ETH adopters do.

    Transfers from Kraken hot wallet to eight fresh addresses
    Transfers from Kraken hot wallet to eight fresh addresses

    However, not long after the deposit, a Kraken hot wallet, 0x267, was observed transferring out 105,736 ETH out to eight separate addresses. These addresses were all fresh addresses, which all received a 1 ETH test transaction before receiving the remaining balance. It is possible that Jeffrey Wilcke simply wanted to distribute some of his ETH holdings into new wallet addresses, possibly for security purposes.

    Information provided herein is for general educational purposes only and is not intended to constitute investment or other advice on financial products. Such information is not, and should not be read as, an offer or recommendation to buy or sell or a solicitation of an offer or recommendation to buy or sell any particular digital asset or to use any particular investment strategy. Arkham makes no representations as to the accuracy, completeness, timeliness, suitability, or validity of any information on this website and will not be liable for any errors, omissions, or delays in this information or any losses, injuries, or damages arising from its display or use. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, can lose value, and can even become worthless; additionally, digital assets are not covered by insurance against potential losses and are not subject to FDIC or SIPC protections. Historical returns are not indicative of future returns.