Selling 9.2W ETH, the founder of Ethereum began to cash out?
Hello everyone, I am Nakamoto Curry.
Nonsense
Hello everyone, I am Nakamoto Curry.
Nonsense
According to Trustnodes, Jeffrey Wilcke, co-founder of Ethereum (ETH) and one of the core developers, transferred 92,000 ETH (worth $11.5 million) to Kraken on Christmas Day. The account is funded by the Ethereum Foundation Development Wallet, which is presumably part of the initial distribution received by the founding team in the early days of Ethereum.
It's the old man at position C in the picture, and now he has tens of millions of dollars in cash.
Previously, ViewBase pointed out that the "giant whale is likely to be an ETH developer or V God himself." Commentators worry that V God or related investors are planning a large-scale sell-off. V God himself later denied the relevant reports on Twitter.
Next, let's restore this sell-off event.
According to the TRUSTNODE blockchain data analysis, the account that transferred 92,000 ETH came from an Ethereum address beginning with "0x600", which transferred 408,000 ETH during January 2016.
The 408,000 ETH was moved to the Ethereum address a7e4fecddc20d83f36971b67e13f1abc98dfcfa6 (Jeffrey’s wallet address) in 2016. Previously, the address had been slowly selling or transferring out ETH, and during this Christmas period, the wallet balance decreased rapidly.
Even so, the wallet still contained 218,000 ETH ($27 million), and the 90,000-plus ETH that was transferred appears to have been transferred to an intermediate address before being sent in full to the Kraken exchange.
According to Wilcke's GitHub account, he hasn't been updated since March of this year. After earning tens of millions, he seems to have left the Ethereum development team. Jeffrey Wilcke's Twitter hints that he is working on a game.
After discovering the large amount of transfer from the whale, the community expressed great concern and hoped for an explanation. At one time, some even thought that the Ethereum Foundation or Vitalik was about to smash the market.
In this regard, God V hurriedly said: "I don't know whose address it is. Some people may have mistaken the intermediate address of some exchanges as my own."
After more than an hour, Wilcke, the real seller, replied to the comments on Twitter, saying that the address was his, and claiming that the reason for cashing out was that he needed funds to develop his game. But then Wilcke deleted the comment.
Regarding Wilcke’s early history in Ethereum, V God said:
"Jeffrey Wilcke was the core developer of the Go client (then called 'ethereal') at the time. Compared to protocol research, he contributed more to client development and assisted in writing code [November 2013]."
With the initial allocation of 11 million ETH distributed to the co-founding team, many other early Ethereum developers also chose to leave.
V God himself obtained 600,000 ETH. Considering that Wilcke also has at least 400,000 ETH, the initial distribution of Ethereum seems relatively flat.
So far, ETH has fallen by nearly 91% compared to the highest price of $1,397 in January 2018.
market strategy
Will ETH continue to sell off next?
Investment is risky, and you need to be cautious when speculating in coins.
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The points involved in the article are for reference only.
Market views are time-sensitive and will be adjusted at any time due to adjustments in disk operations.
Investment is risky, and you need to be cautious when speculating in coins.
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