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Ethereum Begins Major Rally, One of Its Founders Sells Again – Here Are the Details

By admin On Aug 9, 2025

Jeffrey Wilcke, one of the co-founders of Ethereum and a primary developer of the Go Ethereum (Geth) client, transferred 9,840 ETH ($9.22 million) to the Kraken exchange about an hour ago.

Wilcke transferred 105,737 ETH to eight new wallets three months ago and currently holds 95,897 ETH ($401.6 million). According to on-chain data, Wilcke’s other known wallet also holds 268,732 ETH ($1.13 million), 1.13 million Status (SNT) tokens ($32,920), and 951,264 Ethereum Name Service (ENS) tokens ($27,940).

Wilcke, who founded Ethereum in 2014, played a critical role in the development of ETH’s core technology and was particularly prominent in the development of the Go Ethereum (Geth) software. This client is known as one of the most widely used software accessing the ETH blockchain.

The price of ETH has been the subject of much debate recently due to its recent surge. The largest altcoin, which has surged 21% in a week, is trading at $4,217 at the time of writing.

*This is not investment advice.

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