09.08.2025 20:03

Ethereum's recent surge to its highest price of 2025 has spurred significant activity among major cryptocurrency holders. This rally, reaching $4,196.30—a 5.52% increase in the last 24 hours—has coincided with substantial Ethereum (ETH) transactions by prominent figures in the cryptocurrency world.

Among these high-profile transactions, Ethereum co-founder Jeffrey Wilcke recently moved 9,840 ETH, valued at approximately $9.22 million, to Kraken exchange. This transfer, reported by Lookonchain, occurred just an hour prior to the information's release and follows a larger transfer of 105,737 ETH to eight newly created wallets three months earlier. Despite these transactions, Wilcke still retains a substantial holding of 95,897 ETH, worth roughly $401.6 million. The timing of Wilcke's recent move is particularly notable, aligning with Ethereum's impressive price breakout.

Other significant trades have also occurred, highlighting the market's volatility. BitMEX co-founder Arthur Hayes, for instance, sold 2,373 ETH (approximately $8.32 million) a week ago when the price hovered around $3,507. Interestingly, he recently repurchased ETH, using 10.5 million USDC, after acknowledging his earlier profit-taking on social media. This demonstrates the dynamic nature of investment strategies within the cryptocurrency market. Meanwhile, ShapeShift's Erik Voorhees also executed multi-million dollar ETH trades within the same timeframe, though specifics about the transaction details were not readily available from internet sources.

The sustained upward momentum in Ethereum's price, fueled by heightened trading activity and renewed investor confidence, suggests a potential continued ascent. If the current buying pressure persists, Ethereum may well test higher resistance levels in the near future. This ongoing market activity reflects both the significant interest and inherent risk associated with investing in the cryptocurrency market.