DeFi Daily News
Sunday, June 29, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Cryptocurrency Ethereum

rewrite this title Ethereum co-founder moves $72 million in ETH to Kraken

Gino Matos by Gino Matos
November 28, 2024
in Ethereum
0 0
0
rewrite this title Ethereum co-founder moves  million in ETH to Kraken
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


rewrite this content using a minimum of 1000 words and keep HTML tags

Ethereum (ETH) co-founder Jeffrey Wilcke transferred 20,000 ETH, equivalent to over $72 million, to Kraken on Nov. 28.

His wallet still holds 106,006 ETH.

CryptoQuant’s community analyst Maartunn highlighted that this is the fourth time Wilcke has transferred ETH to Kraken this year, surpassing $147 million. He first moved 4,300 ETH to the exchange on Feb. 10, worth $10.6 million.

Wilcke moved 10,000 ETH to Kraken four days later, worth $27.2 million. His third deposit of 10,000 ETH, equivalent to $37 million, occurred on May 22.

Community scrutiny

The Ethereum Foundation (EF) and Ethereum co-founders have been under community scrutiny this year. 

On Aug. 23, the EF moved 35,000 ETH to Kraken, which sparked concerns from the community given the high value of the transaction — worth $94 million at the time of the transfer. 

EF contributor Josh Spark and Ethereum co-founder Vitalik Buterin clarified the reason behind the transfer, explaining that it was to foster institutions that boost Ethereum’s ecosystem.

According to the on-chain data platform Arkham, the EF-related addresses saw nearly 45,000 ETH in negative net flows in 2024. 

One week later, Buterin had to explain a deposit in ETH equivalent to $10 million, citing that he had never realized profits for self-gain since 2018. He added:

“All sales have been to support various projects that I think are valuable, either within the ethereum ecosystem or broader charity (eg. biomedical R&D).”

As of Nov. 28, Buterin-related wallets register a year-to-date negative net flow of 6,000 ETH.

ETH investors are especially worried by these transfers, given the crypto’s underperformance this year compared to Bitcoin (BTC) and Solana (SOL).

According to data from Artemis, Bitcoin and Solana have recorded close to 116% yearly returns in 2024, while ETH is up 51.5% so far, well below the crypto market’s average return of 109%.

Mentioned in this article

and include conclusion section that’s entertaining to read. do not include the title. Add a hyperlink to this website [http://defi-daily.com] and label it “DeFi Daily News” for more trending news articles like this



Source link

Tags: CofounderETHEthereumKrakenMillionMovesrewritetitle
ShareTweetShare
Previous Post

rewrite this title and make it good for SEOFitch: Ceasefire could reduce fiscal risks

Next Post

rewrite this title Crypto in 2024 Reaches $3 Trillion Market Cap, Embraced by 72% of Retail Investors

Next Post
rewrite this title Crypto in 2024 Reaches  Trillion Market Cap, Embraced by 72% of Retail Investors

rewrite this title Crypto in 2024 Reaches $3 Trillion Market Cap, Embraced by 72% of Retail Investors

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – alt=

rewrite this title SEI Leads Crypto Market With 43% Weekly Surge – $0.5 Reclaim In The Horizon?

June 28, 2025
rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

rewrite this title ‘FIFA Rivals’ Review: Should You Play This NFT Soccer Game? – Decrypt

June 28, 2025
rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

rewrite this title High Season, High Stakes: Navigating Summer Risks in Property Management

June 27, 2025
rewrite this title with good SEO Bitcoin Could Explode On Bessent’s 0 Billion Deregulation Shock

rewrite this title with good SEO Bitcoin Could Explode On Bessent’s $250 Billion Deregulation Shock

May 28, 2025
Mastering Crypto Mining: A Step-By-Step Guide

Mastering Crypto Mining: A Step-By-Step Guide

September 12, 2024
CRYPTO IS DUMPING DUE TO THIS… What Comes Next?

CRYPTO IS DUMPING DUE TO THIS… What Comes Next?

June 13, 2025
rewrite this title and make it good for SEO Chainlink Momentum Wavers, XRP ETF Spikes, BlockDAG Drops 100M BDAG in Airdrop

rewrite this title and make it good for SEO Chainlink Momentum Wavers, XRP ETF Spikes, BlockDAG Drops 100M BDAG in Airdrop

June 29, 2025
rewrite this title The 6 Doomsday Scenarios That Keep AI Experts Up at Night – Decrypt

rewrite this title The 6 Doomsday Scenarios That Keep AI Experts Up at Night – Decrypt

June 29, 2025
rewrite this title LeBron James exercises 2025-26 player option

rewrite this title LeBron James exercises 2025-26 player option

June 29, 2025
How China Proved It Can Shut Down Global Auto Production

How China Proved It Can Shut Down Global Auto Production

June 29, 2025
rewrite this title U.S. Border Control Issues Major 'Warning' for July 4

rewrite this title U.S. Border Control Issues Major 'Warning' for July 4

June 29, 2025
rewrite this title with good SEO Bitcoin Bears Are Taking Fresh Market Positions, But Are They Safe?

rewrite this title with good SEO Bitcoin Bears Are Taking Fresh Market Positions, But Are They Safe?

June 29, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.