Ethereum Co-Founder Dumps $158 Million Worth of ETH
Analysis
Price Impact
MedWhile a large amount of eth was deposited to an exchange by a co-founder, this action has been a recurring event for years. the market has likely priced in this behavior, reducing the immediate shock.
Trustworthiness
HighThe information comes from a blockchain analytics platform (onchain lens) and is corroborated by reporting on past similar actions by the same individual and another co-founder (vitalik buterin). the actions are well-documented.
Price Direction
NeutralThe article notes eth is struggling below $2,000, but the co-founder's sales are a known, ongoing pattern. this specific sale is unlikely to cause a significant shift away from the current trend, especially given the historical context.
Time Effect
ShortThe deposit to kraken occurred in the past 24 hours, making its immediate impact on price a short-term consideration. however, the pattern of selling suggests a longer-term trend, but not necessarily a sudden price drop from this specific event.
Original Article:
Article Content:
Cover image via U.Today According to blockchain analytics platform Onchain Lens , Ethereum co-founder Jeffrey Wilcke recently deposited 79,859 ETH (roughly $158.31 million at press time) to the Kraken cryptocurrency exchange over the past 24 hours. Advertisement Meanwhile, Ethereum (ETH) continues to struggle with downside price pressure, currently changing hands below the pivotal $2,000 level. Wilcke's known wallet currently holds just 16,037 ETH, worth approximately $31.66 million, following the latest sale. HOT Stories Bessent Meets Bukele to Talk Crypto Crypto Market Review: Ethereum (ETH) Hits First Bullish Setup in 2026, Bitcoin Must Get Comfortable in $70,000s, Was Shiba Inu (SHIB) Price Neutralized? Since stepping away from direct Ethereum development in 2019 to focus on his own gaming company, Wilcke has been routinely offloading his early-allocated ETH. Hence, the recent sale does not actually come as a surprise. Advertisement You Might Also Like Sat, 03/07/2026 - 00:01 Crypto Market Review: Ethereum (ETH) Hits First Bullish Setup in 2026, Bitcoin Must Get Comfortable in $70,000s, Was Shiba Inu (SHIB) Price Neutralized? By Arman Shirinyan Wilcke has transferred well over $500 million worth of ETH to Kraken over the last several years. Last May, for instance, Wilcke transferred 105,736 ETH (worth roughly $262 million at the time) to Kraken. Wilcke is not the only Ethereum co-founder aggressively liquidating holdings in early 2026. Vitalik Buterin has also been heavily selling his personal ETH stash. Advertisement In January 2026, Buterin announced his plan to liquidate 16,384 ETH to fund what he described as an "austerity period" for the Ethereum Foundation (EF). By late February and early March 2026, Buterin had already sold over 19,300 ETH (valued at roughly $40 million). #Ethereum News