One of the founders of Ethereum, the largest altcoin, has sold again, according to on-chain data. Here are the details.
A wallet believed to belong to Ethereum (ETH) co-founder Jeffrey Wilcke transferred 1,500 ETH (approximately $5.99 million) to the Kraken exchange.
Over the past week, the same wallet sent a total of 2,500 ETH ($10.3 million), with transactions averaging $4,124. The wallet currently holds 2,058 ETH ($8.23 million). Today, the price of ETH briefly dropped below $4,000.
The massive investor movement wasn’t limited to Ethereum. One whale sold 233,094 Chainlink (LINK) to receive 4.85 million USDC and then deposited 10,000 LINK ($209,000) worth of the tokens on the OKX exchange.
Meanwhile, notable buying occurred on the HyperLiquid exchange. In the last two hours, a whale deposited 5.3 million USDC to purchase 127,113 HYPE tokens at $41.73. Furthermore, after a nine-month hiatus, another whale purchased 6 million USDC worth of HYPE. This investor currently holds 285,466 HYPE ($12.99 million), generating $7.16 million in unrealized profits. There is also an additional 2.06 million USDC available for purchase in the wallet.
