According to Crypto Rover, Ethereum cofounder Jeffrey Wilcke has transferred $262 million worth of ETH to the Kraken exchange (source: Crypto Rover, Twitter, May 20, 2025). Large-scale movements of Ethereum from a founding wallet to a centralized exchange are typically interpreted by traders as a possible precursor to significant sell pressure. Such whale transactions often trigger heightened market volatility and can influence short-term price dynamics for ETH and the broader crypto market. Traders should closely monitor Kraken and major trading platforms for abnormal sell activity, as large inflows of ETH could lead to rapid price fluctuations and impact related DeFi tokens.