Ethereum Co-Founder’s $9.2M ETH Transfer to Kraken Sparks Market Speculation Amid Price Surge Near $4,300
Main Idea
Ethereum's price surged to $4,300, driven by a $9.2M ETH transfer from co-founder Jeffrey Wilcke to Kraken, indicating strong market momentum and institutional interest.
Key Points
1. Ethereum’s price increased by 25% in one week, reaching $4,300.
2. Jeffrey Wilcke transferred 9,840 ETH (valued at $9.22 million) to Kraken, sparking market speculation.
3. Institutions withdrew 17,655 ETH (worth $72.7 million) from exchanges, signaling strong buying pressure.
4. The surge reflects significant market activity and accumulation by large investors.
5. Ethereum’s market cap reached $519 billion, surpassing Mastercard and Netflix.
Description
Ethereum’s price recently surged to $4,300, driven by a $9.2M ETH transfer from co-founder Jeffrey Wilcke to Kraken, signaling strong market momentum. Ethereum’s price increased by 25% in just one
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