According to Lookonchain, Jeffrey Wilcke, the co-founder of Ethereum, deposited 105,737 ETH (approximately $262 million) into Kraken about 30 minutes ago, representing nearly his entire ETH holdings (source: Lookonchain, May 20, 2025). This is the largest single transfer Wilcke has made since November 28, 2024, when he last sent ETH to Kraken at a price of $3,625 per ETH. Large-scale deposits by early Ethereum insiders to exchanges have historically signaled potential sell pressure and increased volatility for ETH in the short term. Traders should closely monitor ETH price movements and order book liquidity on exchanges, as significant insider transfers often precede heightened market activity and possible downward price action. Tracking on-chain data and exchange inflows remains crucial for anticipating short-term ETH trends.

According to @lookonchain, Ethereum co-founder Jeffrey Wilcke transferred nearly all of his holdings—105,737 ETH, valued at $262 million—into the Kraken exchange approximately 30 minutes ago. This is the largest movement from Wilcke since November 28, 2024, when he last deposited ETH to Kraken at a price of $3,625 per ETH (source: intel.arkm.com, Twitter @lookonchain, May 20, 2025). Large-scale deposits from founding team members are closely watched by traders, as they can signal potential selling pressure or shifts in market sentiment. The timing and scale of this transaction are likely to increase volatility and could influence short-term ETH price action, making it a critical event for crypto market participants to monitor.

According to The Data Nerd, whale address 0xaDd deposited 3,000 ETH (approximately $5.53 million) into Kraken just 10 minutes ago, with these coins originally acquired during the Ethereum ICO and held dormant for three years prior to this significant move (Source: @OnchainDataNerd on Twitter, May 2, 2025). The whale still retains 2,000 ETH (about $3.69 million) in the same wallet, suggesting potential future movements. This large-scale deposit could increase short-term selling pressure on Ethereum, and traders should closely monitor Kraken inflows and the remaining whale balance for further price action signals.