Ethereum Co-Founder Transfers $6 Million In Ether To Kraken While Whales Scoop Up $1.6 Billion

An Ethereum address reportedly controlled by Ethereum co-founder and core developer Jeffrey Wilcke has transferred 1,500 ETH, worth around $6 million, to an address on the U.S. crypto exchange Kraken. Despite the bearish transaction, whales continue accumulating, leaving sentiment split between breakdown risks and dip-buying optimism.