CandleFocus Ethereum Cofounder Sends 20,000 ETH to Kraken, Chart Suggests Price Surge
2024-11-28
Author: Content Editor
Ethereum co-founder Jeffrey Wilcke has sold 20,000 ETH ($72.5 million) on the Kraken exchange, marking the fourth time he has sold Ethereum this year. Each time Wilcke has sold ETH, the price of Ethereum has risen significantly. Meanwhile, the majority of ETH holders are experiencing their highest profitability in six months, with 90.8% of holders reaching their highest profitability since June. In a separate transaction, fellow Ethereum co-founder Vitalik Buterin transferred approximately 340 ETH ($1.1 million) to nonprofit organization Coin Center. Buterin converts meme coin donations into ETH to support other promising cryptocurrency projects.
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