Ethereum

2024

Million

when

Spot

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/jeffrey-wilcke-transfers-72-5-million-worth-of-ethereum/" data-wpel-link="internal">Jeffrey Wilcke Transfers $72.5 Million Worth of Ethereum</a> 
Jeffrey Wilcke, one of the co-founders of Ethereum (ETH) , executed a notable transaction on November 28, transferring a total of 20,000 ETH to the Kraken exchange. According to data from Spot On Chain, this transfer is valued at approximately $72.5 million at current prices. This transaction marks the fourth significant ETH transfer Wilcke has made this year, suggesting a potential sale. 
<h2 style="text-align: justify" id="strong-jeffrey-wilcke-s-eth-sales-in-2024-strong">Jeffrey Wilcke’s ETH Sales in 2024</h2> 
Throughout the year, Wilcke has liquidated a total of 44,300 ETH through various transactions, amounting to a total value of $148 million. On average, the sales were conducted at a price of $3,342 per ETH. 
<figure id="attachment_410758" aria-describedby="caption-attachment-410758" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-410758" src="https://coin-turk.com/wp-content/uploads/2024/11/Ethereum-ETH.jpeg" alt="" width="2150" height="1318">
 <figcaption id="caption-attachment-410758" class="wp-caption-text">
 Ethereum ETH
 </figcaption>
</figure> 
The recent recovery in Ethereum’s price has drawn further attention to Wilcke’s substantial transfer. The <a href="https://en.coin-turk.com/grab-super-app-enables-cryptocurrency-payments-for-users/" data-wpel-link="internal">cryptocurrency</a> community is currently engaged in discussions regarding the potential market impact of this transfer and possible sale. 
<h2 style="text-align: justify" id="strong-potential-market-impacts-of-the-transfer-strong">Potential Market Impacts of the Transfer</h2> 
Wilcke’s transfer of a large amount of ETH to the cryptocurrency exchange has raised questions among traders. Such significant transfers and sales can often create selling pressure in the market. However, the price of ETH has shown considerable growth in recent weeks. 
The effects of this sale on the market are being closely monitored. Observers note that sales from Ethereum’s founders usually aim to generate funds for long-term goals, although these transactions are closely scrutinized within the Ethereum community. 
In the <a href="https://en.coin-turk.com/bitcoin-faces-resistance-as-it-hits-70000/" data-wpel-link="internal">cryptocurrency market</a>, large asset transfers frequently stimulate discussions. Wilcke’s recent transfer to Kraken is likely to maintain its relevance in the market, especially during a period when the price of the <a href="https://en.coin-turk.com/key-developments-in-terra-luna-classic-community/" data-wpel-link="internal">altcoin</a> is on the rise. 
The post <a href="https://en.coin-turk.com/jeffrey-wilcke-transfers-72-5-million-worth-of-ethereum/" data-wpel-link="internal">Jeffrey Wilcke Transfers $72.5 Million Worth of Ethereum</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Jeffrey Wilcke Transfers $72.5 Million Worth of Ethereum

Table of Contents

COINTURK NEWS

Other articles published on Nov 28, 2024

GIGA Token Holder Loses $6.09M in Phishing Scam

Coinbase CEO Brian Armstrong accuses Senator Elizabeth Warren of harming the Democratic Party and...

U.S. DOJ Investigating Polymarket for Alleged U.S. Citizen User Activity

The Altcoin Trio You Need to Watch: Adoption, Legal Wins, and Market Gains

Altcoin Season Index Hits 60 as Bitcoin Rally Challenges Market Liquidity

Telegram CEO Praises New Altcoin Project! Promises Not to Sell for 10 Years!

Join our free newsletter for daily crypto updates!