Ethereum News Today: Ethereum Hits 2025 High as Co-Founder Moves $9.22M ETH to Kraken

Generated by AI AgentCoin World
Saturday, Aug 9, 2025 5:32 pm ET1min read
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Aime RobotAime Summary

- Ethereum hit a 2025 high of $4,196.30 as co-founder Jeffrey Wilcke moved 9,840 ETH ($9.22M) to Kraken, sparking market speculation about profit-taking strategies.

- Whale activity intensified with Arthur Hayes selling 2,373 ETH ($8.32M) then repurchasing USDC, while 0xF436 withdrew $72.7M ETH from exchanges, signaling mixed short-term positioning.

- Erik Voorhees sold 6,581 ETH ($27.38M) in his second major liquidation this month, yet retained 556.68 ETH ($2.33M), reflecting cautious risk management amid bullish accumulation trends.

- Analysts emphasize these moves reflect opportunistic trading rather than fundamental shifts, urging continued monitoring of influential holder activity to gauge market stability.

Ethereum’s recent price rally, which pushed the token to a 2025 high of $4,196.30, faced a notable development as co-founder Jeffrey Wilcke moved 9,840 ETH—valued at $9.22 million—to Kraken. The transfer occurred amid heightened market activity and was observed by blockchain analytics firm Lookonchain, sparking speculation about Wilcke’s strategy and potential market implications [1].

Wilcke, who had previously moved 105,737 ETH to eight new wallets in May 2025, now holds 95,897 ETH, valued at approximately $401.6 million. While the transaction suggests a profit-taking move, it does not indicate a complete exit from the asset, leaving room for continued bullish sentiment. Analysts note that such movements by high-profile holders often reflect opportunistic behavior rather than long-term strategic shifts [1].

The

Ethereum
price had climbed 5.52% in the previous 24 hours, fueled by strong demand from both institutional and retail investors. Alongside Wilcke’s transfer, other significant transactions occurred. Arthur Hayes, co-founder of BitMEX, sold 2,373 ETH for $8.32 million earlier in the week but repurchased 10.5 million
USDC
to re-enter the market at a higher price. His actions reinforce a broader trend of accumulation by whale holders, despite intermittent profit-taking [1].

Additionally, whale wallet 0xF436 withdrew 17,655 ETH—worth $72.7 million—from exchanges, while another wallet, 0x3684, spent 34 million

USDT
to acquire 8,109 ETH at $4,193 each. These large-scale movements signal confidence in Ethereum’s near-term trajectory and may help absorb sell pressure from other market participants [1].

Erik Voorhees, founder of ShapeShift, also contributed to the profit-taking narrative by selling 6,581 ETH—valued at $27.38 million—at $4,161. The transaction marked his second major sale in under a month, following a $31.27 million sale in December 2024. Despite these sales, Voorhees still holds 556.68 ETH, valued at $2.33 million, suggesting a balanced approach to risk management [1].

The mixed signals from key players reflect the dynamic nature of the crypto market, where large movements can influence short-term sentiment without necessarily altering long-term fundamentals. Analysts remain cautious, emphasizing the importance of monitoring further activity from influential holders and the broader market response [1].

Source:

[1] Ethereum Price Rally Faces Twist as Co-Founder Moves 9,840 ETH Suddenly

https://blockonomi.com/ethereum-price-rally-faces-twist-as-co-founder-moves-9840-eth-suddenly/