According to Lookonchain, Jeffrey Wilcke, the co-founder of Ethereum, deposited 105,737 ETH (approximately $262 million) into Kraken about 30 minutes ago, representing nearly his entire ETH holdings (source: Lookonchain, May 20, 2025). This is the largest single transfer Wilcke has made since November 28, 2024, when he last sent ETH to Kraken at a price of $3,625 per ETH. Large-scale deposits by early Ethereum insiders to exchanges have historically signaled potential sell pressure and increased volatility for ETH in the short term. Traders should closely monitor ETH price movements and order book liquidity on exchanges, as significant insider transfers often precede heightened market activity and possible downward price action. Tracking on-chain data and exchange inflows remains crucial for anticipating short-term ETH trends.