Ethereum Co-Founder Jeffrey Wilcke has transferred 394,000 ETH to Kraken since 2016, with a total cash-out amount of approximately $510 million.

BlockBeats News, May 20th: According to on-chain analyst Wu Ji, 15 minutes ago, Ethereum co-founder Jeffrey Wilcke transferred the last 105,737 ETH from his address to Kraken ($262.07 million), suspected to be a liquidation.

Since 2016, Jeffrey Wilcke has been consistently transferring ETH to Kraken, having transferred a total of 394,000 ETH to Kraken for sale. The average price is $1,295, with a total cash-out amount of approximately $510 million.