Key Takeaways:
- Ethereum co-founder Jeffrey Wilcke transferred 1,500 ETH (~$6M) to Kraken amid price dip, possibly signaling future sales.
- Whale investors accumulated 406,000 ETH (~$1.6B) in just two days despite ETH’s recent 13% price drop.
- Recent large-scale ETH acquisitions occurred through major platforms like Kraken, Galaxy Digital, BitGo, and FalconX.
Ethereum co-founder Jeffrey Wilcke has transferred 1,500 Ether (ETH), worth about $6 million, to crypto exchange Kraken, sparking speculation of a potential sale.
The move, tracked by Lookonchain, occurred as ETH slipped from $4,000 to $3,900.
Jeffrey Wilcke, the Co-founder of #Ethereum, just deposited 1,500 $ETH($5.99M) into #Kraken.https://t.co/v8vvamvA0Xhttps://t.co/Kuuq94LDYI pic.twitter.com/nunSFyIj0l
— Lookonchain (@lookonchain) September 25, 2025
While depositing funds on an exchange does not confirm liquidation, Wilcke has a history of similar activity.
In August, he sent $9.22 million to Kraken, and in the past, $262 million worth of ETH, though much of it appeared redistributed to new wallets rather than sold.
A key Ethereum contributor from 2013 to 2018, he now leads Grid Games.
Despite Wilcke’s transactions, larger market activity shows whales accumulating ETH aggressively.
Over just two days, 15 wallets purchased 406,000+ ETH, worth about $1.6 billion, through platforms like Kraken, Galaxy Digital, BitGo, and FalconX.
This follows an earlier whale shift of billions from Bitcoin into Ethereum, building a $4 billion ETH position.
In late August, whales added 260,000 ETH ($1.14 billion), signaling strong institutional confidence even amid recent price declines.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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