Ethereum co-founder Jeff Wilcke admitted he has sold 90,000 ETH, noticed by whale-watching bots in a recent transactions. The transfer, which carried the significant stash of ETH to Kraken, sparked fears the coin may slide in the coming days, erasing more of its value by the end of the year.
According to blockchain research, Trustnodes reported the ETH may be a part of the initial supply of ETH distributed to the team. The decision to sell is viewed as a loss of trust in the project.