Ethereum News Today: Ethereum Co-Founder Sells $9.22M ETH as Price Hits $4,196.30 2025 High

Jeffrey Wilcke, co-founder of Ethereum, transferred 9,840 ETH—valued at approximately $9.22 million—to Kraken on August 9, 2025. This move came as Ethereum hit a new 2025 price high of $4,196.30, marking a significant moment in the asset’s recent bullish run [1]. The transaction occurred roughly an hour after the price breakout and followed a previous large transfer of 105,737 ETH to newly created wallets three months earlier [2]. Despite the size of the transfer, Ethereum’s price remained stable, showing no immediate volatility [1].

Wilcke’s move is part of a broader trend of strategic Ethereum positioning by major holders. On-chain data indicates that notable figures like Arthur Hayes, co-founder of BitMEX, have also engaged in significant ETH transactions recently. For instance, Hayes sold 2,373 ETH—worth $8.32 million—when Ethereum was trading near $3,507, but he repurchased the asset later with 10.5 million USDC, suggesting a bullish outlook [1]. These actions highlight the fluid nature of Ethereum’s institutional and high-net-worth investor landscape.

The timing of Wilcke’s Kraken transfer coincides with a broader surge in Ethereum trading activity. Over the previous 24 hours, the asset had already broken through the $4,000 level and showed continued buying pressure. Analysts have noted that sustained momentum could lead to further price appreciation if the trend continues [1]. Meanwhile, another major Ethereum holder, wallet 0xF436, withdrew 17,655 ETH—valued at $72.7 million—presumably for investment in the SharpLink Gaming platform. This is in line with broader whale activity, where large sums of USDT were also used to acquire ETH at $4,193 [1].

Erik Voorhees, founder of ShapeShift, also sold 6,581 ETH—valued at $27.38 million—at the recent high of $4,161. This marks his second major ETH sale in recent months, following a $31.27 million transaction in December 2024 [1]. Despite these large sales, Ethereum’s price has remained resilient, underscoring strong investor demand and continued confidence in the asset.

The actions of Wilcke, Hayes, and Voorhees reflect a mix of profit-taking and strategic repositioning among major Ethereum holders. Some are locking in gains, while others are reinforcing their positions in anticipation of further price gains. Collectively, these transactions highlight the complexity of market sentiment, with short-term selling pressure being offset by long-term bullish conviction. The combined effect of these movements, alongside broader market momentum, suggests Ethereum remains well-supported in its current bullish phase [1].

Source:

[1] CoinGape, [https://coingape.com/ethereum-co-founder-moves-9840-eth-price-hits-new-2025-high/](https://coingape.com/ethereum-co-founder-moves-9840-eth-price-hits-new-2025-high/)

[2] X (Lookonchain), [https://x.com/lookonchain?lang=en](https://x.com/lookonchain?lang=en)