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Ethereum Price Struggles Near $2,500 As Co-founder Moves Funds Amid Sell-Off Concerns
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Ethereum Price Struggles Near $2,500 As Co-founder Moves Funds Amid Sell-Off Concerns
Key Insights: Ethereum co-founder moved 105,736 ETH ($262M) to Kraken, triggering market-wide sell-off concerns. ETH dropped nearly 2% after Wilcke’s transfer, now trading at $2,582.23 amid market volatility. Only 4.9% of ETH supply remains on exchanges, signaling low liquidity despite increased whale activity. Ethereum (ETH) faced renewed pressure this week after co-founder Jeffrey Wilcke transferred over $262 million worth of ETH to Kraken. T…
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