It’s been a busy week in the cryptocurrency market. Bitcoin rose 6% in 24 hours to surpass $52,000, while Ethereum surpassed $2,700. While the rally in Bitcoin continued, large transfers made by Jeffrey Wilcke, one of the first co-founders of Ethereum, attracted attention.
Wilcke has transferred a total of 14,300 ETH (approximately $38.27 million) in the last four days. The majority of these transfers were to the popular cryptocurrency exchange Kraken. Today, Wilcke made another transfer, moving 10,000 ETH ($27 million) to Kraken.
Following the recent transfers, Wilcke is known to hold more than 135,000 ETH , worth approximately $375 million.
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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
