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He thought it would go unnoticed because we would be full and occupied with family on Christmas Day!

https://www.cryptozink.io/ethereum-co-founder-jeff-wilcke-secretly-sold-eth/

Even if this was true, so what.

Long term this is just a drop in the ocean. When you have a decentralised coin the actions of a single person should not impact the wider market any more than in the short run when people are susceptible to panic dumping.

The timing is more likely coincidental than not as well. It's not like he purposefully chose this time of the year just in order to avoid the public eye or anything like that.

Maybe this the reason behind why ETH price drop from $190 to 125 I think so, because of Jeff wilcke moved 90k eth from his wallet to karken crypto exchange on 25th of December and now panic sellers start to dumpling the eth I thought this the best time to buy eth before bull market comes into crypto market.

Who says it was unnoticed? You noticed it!

Does it matter ETH, which ranked second as per market cap.

Best time to buy ETH at a discounted price. Next year the price will surge before halving.

Eth co-founder already stated his reason why he sell some of his ETH on Christmas day, its because he wants to fund his new project. In the long run, it doesnt affect ethereum at all even Vitalik already sold some of his ethereum at the peak. Its ok, they work hard for it. They deserve to sell some for personal funds.

It's only natural that he sells his assets as a result of his contribution in ethereum and nothing is illegal. But there is curiosity about the reason for selling because they need money for the game (https://mobile.twitter.com/ricburton/status/1210227042282721282?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1210227042282721282&ref_url=https%3A%2F%2Fwww.cryptozink.io%2Fethereum-co-founder-jeff-wilcke-secretly-sold-eth%2F). what game does he mean? While ethereum 2.0 will be launched soon  ???

It doesn’t matter he don’t have to ask the public if he wants to sell his holdings though. Developers and co founders are only human, they have their own needs. As long as its not exit scam move there’s nothing to worry about price may dip a bit but will rise again soon.

As time goes by, we are witnessing that even ethereum developers attach more importance to paper money. As a matter of fact, the situation becomes so suspicious, the recent developments in ethereum have become very annoying, with the exception of the lack of innovation, news that can affect price has increased. I wonder if it is time to sell...  :-\

Well, everyone need money but your statement isn't really wrong though. Ethereum's premine is simply too much and I'm pretty sure that the developers still got so many ethereums left in their wallet. But, that's what people have agreed since ICO back then so I guess majority of people will be fine. However, I'm not really fond of ETH that's also why everytime I got ETH i prefer to convert it to something else.

Are they unbeliever to sell their coin at a price that is to low from their all-time high, he could just wait for the right time to sell and at ten times fold of what's he's going to get now, but some people are right, it's his share he has the right to sell it anytime, even at a loss, I just hope he will still remain loyal to the Ethereum cause.

A similar process took place a few years ago at Litecoin. Lee sold every Litecoin he had. (He explained that he was selling it.) Even though his appearance was bad for a while, he recovered.

But from a larger point of view, we might actually think it's a good thing. Better than holding a person worth millions of dollars in ETH, it is sold in a more balanced way.

Bad timing though, I mean of all the people, why the co-founder opted to sold his bags of ETH in Christmas and he thought that he will not be noticed by a lot of bots watching crypto space?

Anyways, its his money anyways and it has created a lot of selling pressures to other holders are well. Let's just look at the bright side and buy cheap ETH right now, don't wait till the price goes into two figures. Buy if you have the capital and wait for the price to peak again in the next two years or so.

I think it's natural for the founder of Ethereum to do that because maybe he is also in need of money so he does that and nobody can forbid him to sell a little of his assets, so imagine that in a crisis like this he could still get money with very large number.

I think this is not a dangerous problem, in the sense that as long as the eth is private, it is not the result of deceiving or scamming people, so he is free whenever he sells it. Whether he is the co founder or not. Isn't it the same as us who can sell our eth at will. But in fact there are many people who don't like this, with the reason co-founder might want to exit, drop the market price, blah blah blah A good coin will recover quickly.

I think this is normal. But if we look at the price of Ethereum also not drop. Only normal graph movement occurs. Because of the habit if there is a large sales of coins, the price will drop.

Are they not allowed to sell on their own ??
Don't make this look like a big deal, man.
For me they often do like this so just relax.

I guess 90,000 eth that he sold is not much impact the ethereum price, no sign of dump. If you look the market almost all the prices of altcoins are still struggling so it is normal. I wonder how much ethereum that he had.

I think there is nothing wrong with that, everyone also needs funds. If he sells it doesn't mean they left him, because Eth still has Eth stock in his possession

I agree with some people who say in this thread that it is his personal money, so there is no illegitimate and need to worry about a large dump, it seems he did not throw too much and the ETH price is not under $ 100 too, so back to the founder not necessarily he wants to drop the price of ETH deeper than now, so there is no time to discuss this issue, because this is not a problem but it is his right to sell his assets because he has worked for ethereum

I don't think so. He has only been moving his ETH for the past few days, and the price of ETH has started to decline since 2 months ago. So I think it has nothing to do with each other, the decline in ETH price was due to Bitcoin's decline and it caused the entire altcoin to fall with it. And with the amount of ETH like this I don't think it will affect the price much, just a small amount compared to the whales.

Really? I am happy for eth fans. But I think of you believe on that news I think you are one of many investors who will be victim is their huge marketing strategy. All we know that using that kind of news is the best marketing strategy to encourage investors and users to invest at eth. So always have a reliable research before you believe.

That is the power of blockchain, you can't hide transactions.
And about the transaction, I do not understand why team members dumping Ethereum at this low price, I thought that they do everything to see ETH back at ATH price.

It's not the reason. Ethereum is dropping because the whole ICO fad is over (ICOs built on top of ethereum supported the ETH price as you had to buy ETH in order to participate in the ICOs).

There is no unique selling point for ETH anymore, which is why investors are bailing out.

I think this is not true at all when something that big has been sold, the effect on price in the market is also big. But as you can see, the price hasn't moved down after that incident. This is just to make the hodlers panic they want to see ETH to further fall its price to under $100 so that they can pump it again and sell it fast at it's peak after this month. we better not fall on this kind of deception.

The market is free to buy and sell. It cannot be considered different because of his uniqueness. If you are optimistic about Ethereum, I think you can ignore such things. Compared to last year, the price of Ethereum has fallen a lot. Now the price is also Very stable, of course. Now that you are not bullish on Ethereum, you can also sell Ethereum. He cannot be treated specially because of his personal differences.

it seems like a lot of support regarding this. I also feel that it is normal for several people to sell their assets in large quantities. in fact, until now the price of ETH was not affected by it. however, there is likely another reason why he sold his assets. Yeah, but I think that's a lot of money. but I appreciate ethereum which is not affected by the sale.

The timeframe isnt matched from 190 to 125 so I guess this event its not the reason of the eth down fall. I think its the market sentiment. Not just eth is falling down but all crypto including btc so I guess this news is recently got viral. Though the price is stable on its current level. Plus the amount of token is not that huge and can be traded on some high volume exchange.

He said on twitter that he needs funding for his game, sounds alot but if he's making multiple games it will sound reasonable assuming he's also hiring people to help him develop his game, there's nothing wrong with following your passion and he probably don't want to work with ethereum anymore.

I'm really curious on what he might be developing. I don't feel it'll affect eth rather it's a good thing that a hoarder is less in the future to dump when eth reaches higher price. It's not eth's all time high or even near.

If it's like this, I think we can only hope for the best of Jeff's decisions, whether for personal or for the development of ETH in order to be able to position again in the market, whatever Jeff takes is a brave decision. Yes, although it's a bit surprising, but if it's based on all the team's considerations, I think there will be something good later.

Nothing is unnoticed in crypto, soon or later it will be revealed. I don't see any negative issue in this, anyone can sell their assets, it's decentralized, the holders control the price! I don't think only 11M USF can affect on Ethereum price like this, maybe the reason behind of ETH price dump is the Plus token scam!

Exit scamming is nothing new, ask Charlie Lee................

Untill every eth developer sells in panic, i don't care. He has every right to do what ever he wants with his money, he is co-founder for heaven's sake, that means he has hodled longer then most of these peeps.

i think he just really wants to be a game developer, he even made a medium post about his game, but it was posted at january though. I feel ethereum is too big to fall apart.

Even Vitalik dumped millions of coins before.

If you find this normal, take a look at this:

https://pbs.twimg.com/media/EMsvqeVWoAAUkkz.jpg

This is the difference between bitcoin and every other shitcoin.

People who hodl bitcoin are ready to go down with the ship. Every other shitcoin will dump to zero because they don't actually "believe in the tech."

Well ethereum is one project that will keep sailing, no matter what is being done, I think this is time to risk some fiat on ethereum. Moreover the guy needed to sell for fiat, what is the big deal since the development of ethereum, that's a pretty long time.

Just because someone sold his ethereum doesn't make him a bad person, and just because he did it on christmas doesn't mean he did it to go unnoticed, maybe it was all family got together and they thought it is better for him to be out of crypto for a while and put his money in a savings account for traditional income so that one day his children go to any college they want and get as best life offers them as they could. If anyone gave me 11 million dollars worth of ethereum I would be selling that right away without a second thought.

I have a dream of owning a cinema saloon one day and that would be WAY more than enough, not everyone wants to be in crypto for life, some of us are here because we want to take this until we don't need it anymore and as soon as we don't need it we will quit.

yes, this is just a market problem that has not been supportive of upward movement. if indeed it had an impact, of course, ethereum prices would be far worse than current market prices. I did not expect that to happen. because if there are people who move their money and get out of ethereum in great value it will affect the price of ethereum in the market.

He himself has nurtured technology and can now nip off the fruit a little. 11 million is not so much. Does anyone have at least rough information about what he is going to pour this money into?

yes, if that's the reason then it doesn't matter to those who sell their personal ETH to celebrate Christmas, I don't think only co-founders secretly sold their ETH at that time & maybe there are still many other investors selling their personal ETH to Christmas Day. but the current ETH price drop is a golden opportunity for new investors who want to buy it when prices are still low.

Is the news really real that he sold his Ethereum? Hope not because it will lose confidence for those Eth lover especially now that the market is not that good compare to those past years. But, if ever it is true, hope that he will do something for his supporters to gain confidence again.

everyone noticed it and there was no secret from the eth co-founder if he sell his eth in this Christmas. no problem at all, eth prices have remained unaffected and have remained at the same prices since last month. so I think news like that will only lead to a FUD.

There is nothing wrong with that actually, but it is still has an impact in the market. Everyone needs funds but the way he converted his funds might alarm other holders and it may become the reason for the price to dump more. But anyways, this is also a good chance to buy, and there is nothing to worry about this kind of situation.

But come to think of it, what does it matter if he sell or not afterall it's his and he is free to do as he wants with it and the price of Eth has already come down even before he sold

I can see alot of people saying no big deal about it, but the issue is that if the team is selling out their tokens, why do you expect the investors and community to hold to a project. $11 million for a game project, that is very good. I just hope the game project work or it is just an excuse so that people won't question the motive

Secretly but exposed, personally I don't see anything wrong with it, just that people and media will always escalate things out of proportion and at such spread fear among the Crypto communities

I don't care if he prefers to sell his shares as long as he will still be a part of Ethereum and can still contribute to the growth of Ethereum, that's his share and besides, he already sais why he is selling his coin, maybe his new project can be offered to the Ethereum community.

I don't think we have any reason to make a fuss about this as he owns his own assets just like anybody else and can choose to do it whatever he likes. First of all with the future of Ethereum 2.0 i think it would be cool to grab some of these ETH which are being sold cheaply everyday. Also, i don't think he sold it for the purpose of celebrating Christmas, who knows he needs this money urgently to sort some health bills or family crisis.

Yes it is true it is their own money so I don't think that we have anything to do with it.
What if anyother person with a huge crypto on their wallet also sold their crypto in private and with a lower price would we also maoe some news out of it?

in 2 months, Ethereum price already down from $ 180 to $ 120. it is deep enough
it is clearly that ethereum price is affected by the co-founder

Ethereum Co-Founder Reportedly Sells 90k ETH To U.S. Cryptocurrency Exchange (https://cointelegraph.com/news/ethereum-co-founder-reportedly-sells-90k-eth-to-us-cryptocurrency-exchange)
Ethereum Co-Founder Sells 90,000 ETH (https://www.trustnodes.com/2019/12/26/ethereum-co-founder-sells-90000-eth)
Read those news, he has already confirmed!

It matters a lot, what do you think it will happen if after years of being missing satoshi comebacks to the market with the only intent of selling his coins? I can assure you the market will crash immediately just by the announcement, satoshi will not need to sell one single bitcoin to crash the price, everyone will be wondering why he wants to cash out? Why now? Is there something wrong with bitcoin? And FUD will take over the market.

One of the ethereum founders sold a huge stash of coins, that is not a small news and it should bring questions about whether they believe they can maintain the second position in the market.

I bet that many ethereum holders were disappointed upon hearing this news. I'm one of them because I've been one of the people that believes on ethereum but I'm also thinking that there's still hope for this coin, they didn't completely dumped it and took profits. Honestly, I'm giving the benefit of the doubt but if you will analyze and see the box, this can happen for every coin that has a developer. Charlie Lee already did this earlier last 2018 when it was the beginning of 2018 when the altcoins market were shining.

As long as the ethereum foundation keeps the transparency to the whole of ethereum holders and users, that's fine to see that and just try to take a good thing just like ethereum developer is not so greedy as another developer that comes from ripple or even tron. in the tittle of that news said that secretly which can be considered as the word toward FUD.

Yes, I am one of them who feels disappointed. But instead of keeping disappointed, we can see that ethereum is still holding on its position, so I manage to take this as an opportunity to buy and believe in ethereum again.
What Charlie Lee did last 2018 is a different matter, that time, we have a good msrket condition and now we're in a bear market that's why it gives an alarming act to all eth holders.

He's actions only be define by himself alone, whatever the reason behind this we are all speculating and none of us can really say if why and what will be the reason why he dumped this numbers of coins from his holding. Nothing but to wait for the actual impact as there's big movements yet inside the market.

It wasn't a secret, and he made no attempt to hide it, which is good. The sale of that amount by itself would not have much effect on the market. The thing that can have an effect is spiralling negativity due to the fact that it is Buterin who sold. Let's hope that doesn't happen, as ETH is one of the best projects out there, with vast potential for real-world use.

For 11Million and you will get fired from the entire company seems a good trade isn't it? Unless the entire Ethereum company will sue a lawsuit to arrest the co-Founder. But if not, it is evident he got the most out of the business. This kind of activity is a direct manifestation of fraud that we, cryptocurrency users should avoid. We aim to develop better applications and projects, and one single mistake will lead us to lose allot of trust from our supporters.

It will have an impact, but if I am not mistaken, this is the number of times the biggest ETH coin holders give up their ETH, I see that it does not have much effect on the market price.

lol funny is he .  he did actually say that words  ? if he dont want to get noticed then better if he use some kind of eth mixer and that will hide his ass  but even if he use those tools people will still notice that price of eth moves in downward position  .

anyways  , people wont be shock at all to witness this because most of them already did the same thing  . most of them already knew that prices of cryptos will likely fall down on these holiday season  .

That is his money, why we see it as problem?. Maybe he need fresh fund to develop ethereum or new project that can be use to support ethereum in crypto market. Another reason is he want to save his money because crypto market is unpredictable. We don't need take opinion about his money but his doing to keep running ethereum as the second coin after bitcoin.

I don’t lose confidence on ETH because of this move though its quiet unusual to sell big especially if you’re a developer but maybe he needs it for something. It can affect the price but since the update is soon to come, i think it can boost the price up again and the trust will come back if ETH succeed for the update, hope for the team’s success on this.

Indeed, now every major transaction there must be monitoring him. The question is whether selling eth has an impact on current ethereum prices.
If it is his right, it certainly doesn't matter when he makes a transaction (or sells it)

It seems sell-offs have become quite common in the blockchain space. I am not sure what to make of it, because there could be legitimate reasons to sell cryptocurrencies. I know Charlie Lee selling his Litecoin was a bad sign in hindsight. I think Ethereum has a very promising future along with the blockchain (https://blockchainmedia.tumblr.com/) industry as a whole in 2020.

I look forward to the Ethereum upgrades that will usher in proof of stake!

So are we going to crucify this guy for spending his own money? I thought the guy had stole something or worse. You mean to tell me, he spent from his own wallet and now hes being dragged through the mud?
  I can understand the impact it may have on people, if a guy important as he is for Ethereum platform is dumping his hard earned share could cause investors to lose faith. Wilcke said it wasn't an unsubstantiated claim, that the funding was to support development for his game.

I agree with you 100%. Don't we always aim to make a profit, including those who speak here? That's everyone's purpose. So if this guy wants to withdraw his money for any reason, can we criticize it? I do not think so.

He was announcing it and it can be considered as a transparency from the team. The blockchain is more than enough to give us information about tha tas it's transparent to the everyone about how much money that already sent to the market. No need to feel worry about that as the dev is also having a brain to think how to not affect the market

If that is the case then they could inform the community and say that they need some funds for the development of the coin and they will sell some of their coins and that no one should panic about it, if they did that then no one will be mad since we understand that developing one of the major coins in the market should cost a lot of money.

But the way this was done makes it seem as if he was trying to hide his actions by doing it at the time in which most people are busy with their families and do not have the time to watch the markets and that gives a very bad impression to the potential investors that may want to invest in ethereum.