PANews reported on November 28 that Spot On Chain monitoring showed that Ethereum co-founder Jeffrey Wilcke transferred 20,000 ETH (about $72.5 million) to the Kraken exchange when the price of Ethereum rebounded strongly today. This is Wilcke's fourth transfer and sale in 2024, with a total of 44,300 ETH sold, a cash amount of $148 million, and an average selling price of about $3,342.

Despite the continued reduction in holdings, Wilcke currently still holds approximately 106,000 ETH, which is equivalent to approximately US$384 million based on the current market value.