Ethereum Co-Founder Moves Massive Stack to Kraken—Is a Dump Coming?

TL;DR Jeffrey Wilcke, one of Ethereum’s co-founders, transferred 105,736 ETH (approximately $262 million) to Kraken, raising fears of a possible massive sell-off. Despite the move, Ethereum rose 2. 24%, and the amount of ETH held on exchanges fell to its lowest level in a decade (4. 9%). Simultaneous fund withdrawals by new wallets suggest a redistribution rather. . . source: https://crypto-economy.com/ethereum-co-founder-moves-massive-stack-to-kraken-is-a-dump-coming/