Jeffrey Wilcke, one of Ethereum’s co-founders, drew attention after transferring 19,990 ETH worth $72.56 million to Kraken, according to Arkham data. This move sparked discussions in the crypto community. Known for co-creating Go Ethereum, Wilcke has been less active in recent years but continues to manage his crypto portfolio carefully. However, with this recent transfer to Kraken, the big question remains: what is he planning to do?

Large transfers like this can signal selling, as sending ETH to exchanges like Kraken often suggests liquidation, impacting prices and sentiment.

This transfer got people talking about how Ethereum’s co-founders handle their wealth, especially with prices on the rise. It’s a reminder of just how much influence these early builders still have in shaping the market.

Ethereum Price Drop Following Jeffrey Wilcke’s Transfer

Ethereum saw its price drop by 4.5 % from $3.645 to $3.528 shortly after Jeffrey Wilcke, one of its co-founders, transferred 19,990 ETH to Kraken. The massive transfer, worth around 72.56 million dollars, raised concerns among traders about a potential sell-off.

This was one of the biggest transactions seen in recent weeks and immediately caught the attention of the crypto community. Many saw the 19,990 ETH transfer as a potential market-moving signal.

Some thought it might be part of a sell-off plan, while others guessed it could be Wilcke’s way of restructuring or balancing his portfolio. While the market reacted noticeably, analysts believe this kind of price drop is pretty common in the volatile crypto world.

Exploring Jeffrey Wilcke’s Portfolio

After seeing the massive transaction made by Jeffrey Wilcke, one of Ethereum’s co-founders, let’s take a closer look at his portfolio.

Arkham data shows he holds 106,006 ETH worth $380.69 million, plus 1.134 million SNT, 951 ENS tokens, and smaller amounts of XDATA, USDT, DAI, and PEN.

Jeffrey Wilcke’s portfolio grew by $73.76 million to $460.98 million on November 29, 2024, driven by a 19.04% rise in Ethereum (ETH), adding $73.73 million.

On the other hand, Vitalik Buterin, the most well-known face of Ethereum, approaches his wealth a little differently.Vitalik uses his assets to fund Ethereum projects and support social causes.

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Exploring the Portfolio of Vitalik Buterin, Founder of Ethereum

Vitalik Buterin’s portfolio centers on Ethereum (ETH), holding 240.095 ETH worth $862.23 million, the bulk of his $881 million total. He holds 2.864k AETHWETH, 8.34 trillion DOG tokens, and smaller stakes in KNC, EBULL, and ESTEE.

Over the past week, Vitalik Buterin grew his portfolio by $142.73 million, reaching $899.67 million as of November 29, 2024. Ethereum (ETH) drove most of the increase, rising 19.04 percent and adding $139.88 million. Other assets, such as AETHWETH and DOG, contributed $1.65 million and $253.34k, respectively.

Vitalik Buterin’s portfolio growth mirrors Ethereum’s impressive performance throughout November 2024. Starting the month at $2,355, ETH reached a peak of $3,688, marking a substantial increase.

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ETH Rises 57.8% in November

Ethereum saw a remarkable rise in November 2024, starting at $2,350 and reaching a peak of $3,709. The 57.8% increase showcased growing investor confidence and highlighted Ethereum’s resilience in a bullish market

Ethereum’s price rally was accompanied by notable trading volume spikes. Based on the chart, daily volumes exceeded 1.2 billion during key bullish moments in November. These peaks indicate heightened interest from both retail and institutional investors, reflecting the strong liquidity and appeal of ETH.

November was a big month for Ethereum, with soaring prices and record trading activity showing strong trust in its future. As its ecosystem grows and improves, Ethereum continues to lead the way, paving the path for even bigger possibilities ahead.

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[Editor’s Note: This article does not represent financial advice. Please do your own research before investing.]