In a week of significant crypto market developments, asset manager Hashdex has expanded its crypto index ETF to include XRP, Solana, and Stellar, broadening institutional investor exposure to major altcoins. Simultaneously, Ethereum co-founder Jeffrey Wilcke moved approximately $6 million worth of ETH to cryptocurrency exchange Kraken, a transaction that occurred as Ether’s price retreated from the $4,000 level. These events highlight the ongoing evolution of crypto investment products and the market’s sensitivity to notable insider activity.
about Hashdex ETF Adds XRP, SOL, Stellar; ETH Co-Founder Moves $6MJeffrey Wilcke
0 posts last weekEthereum Co-Founder Moves $6M ETH to Kraken Amid Price Dip
Ethereum co-founder Jeffrey Wilcke has transferred 1,500 ETH worth approximately $6 million to cryptocurrency exchange Kraken, according to on-chain analytics platform Lookonchain. The transaction occurred Thursday as Ether’s price retreated from the $4,000 level to around $3,900, sparking speculation about potential selling activity from one of Ethereum’s earliest creators. While such transfers often signal impending sales, market analysts caution that depositing assets to an exchange doesn’t guarantee immediate liquidation.
about Ethereum Co-Founder Moves $6M ETH to Kraken Amid Price Dip