Ethereum Co-Founder Sells 90,000 ETH

On Christmas day, Ethereum co-founder cashed out some of his ETH. He sold a total of 90,000 ETH from his wallet. The crypto investor stated that he would apply the funds for his “game”. However, it seems that he had more than 90,000 ETH in his wallet. The ETH co-founder still has a total of 218,000 ETH left in his e-wallet.

Total ETH Moved Out On The Christmas Day

On Christmas Day, a total of 204,000 ETH was moved out to various exchanges. This huge number left crypto users scratching their heads. Most of the traders did not know who could have brought this huge selloff. The total ETH that was sent out is worth $26 million (today’s value).

Some of these even linked back to Vitalik Buterin, the man behind the project. 90,000 ETH out of this massive number was sent to Kraken exchange. This was estimated to be worth $11.3 million. They were traced back to Jeff Wilcke, Ethereum’s co-founder.

Identifying Wilcke was not easy. However, with the aid of the Ethereum Name Service –ENS that he had signed up for in 2017, he was easily identified.

Not The First Time

In 2016, an ETH account moved a total of 408,000 Ethereum. The account was funded by Ethereum Foundation development wallet. They were sent to another account identified as 0x600. In the span of more than three years, the address was in regular transactions until a sharp decline a day ago.

The wallet belonged to Jeff Wilcke, the Ethereum’s co-founder. He sent another 90,000 ETH a day ago. He did not deny the action. He admitted that he would be using the cash for the game.

Uncertainty In The Crypto Space?

The crypto market has been quite busy towards the end of this year. It is not usual to see the co-founder of a top crypto firm cashing out his cryptocurrencies. It might not be a good sign for the crypto fans. Others also think that it projects some uncertainty in the crypto prospects.

Some people have questioned if this was a BTC whale cashing out a fortune of the coin on 25th December. Probably, the investors would have been a selling frenzy.


Working On The Grid-Games

For the past nine months, Wilcke hasn’t had any contribution on GitHub. According to his recent tweet, he is working on Grid-Games. This is a video game studio that he is also a co-founder of. He has admitted that his purpose was for the cashed out 90,000 ETH. However, it is important to note that 114,000 ETH was also sold on Christmas day.

The identity of the sellers still remains a mystery. Some of these sellers might not be as prominent as the Ethereum’s co-founder. They might have just been in a rush for late Christmas shopping.

One thought on “Ethereum Co-Founder Sells 90,000 ETH

  1. You need content which can describe your small or society properly.
    Contdnt can be in the involving text and pictures which should be interesting for visitors straightforward to be able to see.
    So I think for tthe seo work we tto be abloe to go with good delighted.

    Go into thhe Google search page, tye any keyword and hit enter.
    Have you ever noticed the starting distinct each ennd product?
    It’s the ‘title’ of the web site. So, it goes without stating that ‘title’ crucial.
    You must have an appropriate ‘title’ on youur own web site containing eessentially the most
    relevant essential.

    First, analyze the website your link wwill go on.
    Discover if is usually ranked high for itts keywords, domain name, and
    title. Fiind out the websites pate rank, a formula
    invented coming from thhe Google founders, which determines how good a websitee is for the search sites.

    First thing first, theee probaably isn’t a better technique create quality backlinks forr SEO (search
    ejgine optimization) than through thee usage of article data source.
    Nott to mention, if you’re posting articles constantly, in time you (and your business) will
    gain name recognition which ‘s so very principal.

    Link obtaining. Aside from optimizing your pages, discover also attract search engines by building links with similar websites.
    Search engines consider an internet site . a good source information and
    facts if this process lot of links pointing to the problem.
    This can result to enormous traffic and good page ranking.

    One the best way to promote a product on the online market place would be Strategic
    Web site. This is because there will not be other way that any site can survive competition from thousands of other sites at
    one time from every corner of this world, apart from marking its place on the internet.

    Its place on the internet can basically marked if ever the site is marketed the right
    way. Therefore, Strategic Internet Marketing
    is valuable for a site, specifically if the site seeking to have sort regarding a profit with investments behind the web-site.

    Here are five stuff you may do today to optimize charges, to use.

    Remember that are optimizing individual pages to rank well.

    Apply these easily each of the pages.

    Once you obtain the Google toolbar along with seeing
    the PRs of other sites, you in order to able figure out the sites that get good PR and manage to
    model your site after those. I can’t stress enough the
    importance of having the Google alexa plugin.

    Feel free to visit my web site :: homepage

Comments are closed.