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Ethereum co-founder cashes out! Is now the time to sell your ETH?

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Ethereum's recent price surge, which comes amid the regulatory updates from the U.S. SEC, has seen co-founder Jeffrey Wilcke sell.

Co-founder Jeffrey Wilcke capitalized on the rally by depositing over $75 million worth of ETH into Kraken.The asset witnessed a nearly 30% increase in value over the past week, escalating from below $3,000 as of this time last week to as high as $3,810 yesterday.Notably, the U.S.

So far, Ethereum co-founder Jeffrey Wilcke’s recent activities have raised questions about his market strategy. His deposits started when ETH was priced lower, and his most recent deposit preceded another significant price surge. This timing suggests a calculated approach to maximize returns.indicated that the circulating supply of Ethereum has spiked over the past month. Normally, an increase in supply could pressure the price downward.However, Ethereum’s price has risen alongside the supply, suggesting that demand has kept pace with the increased availability.

 

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