Ethereum Founder Sends 20,000 ETH Worth IDR 1.14 Trillion To Kraken

JAKARTA - Jeffrey Wilcke is one of the founders of Ethereum besides Vitalik Buterin. Wilcke is known to have sent thousands of Ethereum coins (ETH). Suddenly, this news shocked the public, especially the crypto community. Based on data compiled by Arkham Intelligence, the wallet connected to Wilcke transferred as much as 20,000 ETH, which is equivalent to around US$72.5 million (Rp1.14 trillion), to the Kraken crypto exchange.

This transaction was carried out right after the price of Ethereum had crossed the US$3,600 (Rp56.88 million) on Thursday morning, although the price had decreased slightly afterwards.

This is not the first time Wilcke has taken a similar move. Since the beginning of this year, he has sold a total of 44,300 ETH, with a value of around 148 million US dollars (Rp2.34 trillion), which means the average selling price is around 3,342 US dollars (Rp52.81 million) per ETH. Even though it has reduced its total ownership, Wilcke still holds around 106,000 ETH which is currently worth around 382 million US dollars or equivalent to Rp6.04 trillion.

On Thursday morning, November 29, the price of Ethereum had jumped close to USD 3,700 (IDR 58.46 million), but this momentum slightly subsided and ETH is now trading around the price of USD 3,587 (IDR 56.69 million). Even though the price has fallen, Ethereum has still recorded an increase of almost 3% in the last 24 hours.