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On chain data shows that Jeffrey Wilcke may not have intended to sell ETH, but only conducted wallet to wallet transfers

PANews
PANews|May 20, 2025 15:10
According to Lookonchain monitoring, after Ethereum co-founder Jeffrey Wilcke transferred $262 million in ETH to Kraken, 12 new wallets withdrew 105737 ETH (worth approximately $262 million) from Kraken. Market analysis suggests that Wilcke may not have intended to sell ETH, but only to transfer between wallets.
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