Large transfer: Wilcke transferred 20,000 ETH to Kraken, causing unease in the community regarding ETH’s value. This action is seen as a negative signal for the market as ETH has exceeded the 3,500 USD threshold.

History of ETH sales: Previously, Wilcke sold a total of over 63,000 ETH in the summer of 2023, indicating his declining confidence in ETH’s price increase potential. He still holds 106,000 ETH in his wallet.

Impact on the market: Wilcke’s selling trend raises concerns in the market that other founders may also not hold onto tokens during critical phases, which affects investor confidence.