Altcoins News
By Dan Saada
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In a surprising move that has captured the attention of the crypto community, Ethereum co-founder Jeffrey Wilcke transferred a staggering 105,736 ETH — valued at $262 million —…
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Wilcke’s wallet, once home to a significant ETH stash, now holds just 268.73 ETH, indicating that nearly his entire balance was moved.
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Shortly after Wilcke’s deposit, eight separate addresses withdrew ETH from Kraken in amounts totaling the same $262 million, leading to theories that he may have split his…
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This isn’t the first time Wilcke has made headlines with large ETH transfers. In 2024, he executed four separate transactions totaling $147 million, which similarly caught the…
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Despite the size of the transaction, Ethereum’s price has remained relatively stable, down only 0.17% over the past 24 hours.
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This stability may reflect investor confidence in the broader Ethereum ecosystem, which has seen a 72% price increase over the past month. ETH recently hit a high of $2,737.
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The Ethereum community has grown increasingly sensitive to large sales or transfers made by Ethereum insiders and the Ethereum Foundation (EF).
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On August 23, 2024, the EF transferred $94 million worth of ETH to Kraken, prompting concern among investors.
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In early 2025, the EF continued to liquidate smaller amounts of ETH, selling 300 ETH in January for approximately $981,200.
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Buterin explained that legal risks and the potential for contentious protocol upgrades were key reasons for the EF’s caution when it comes to staking large amounts of ETH.
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To generate yield without staking directly, the Ethereum Foundation began leveraging DeFi platforms in February 2025.
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Analyst Tom Wan estimated that the Foundation could earn a 1.5% annual yield, generating around $1.5 million per year on these deposits.
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The key question now is whether Jeffrey Wilcke is preparing to liquidate his ETH holdings or simply restructuring them for better security or yield opportunities.
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Some speculate that the move could indicate Wilcke’s waning involvement with Ethereum, while others believe he may be positioning himself to diversify into new ventures or even…
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Without an official statement from Wilcke, the community is left guessing.
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