It’s been confirmed that the mysterious 90,000 ETH sent to Kraken on Christmas Day was an Ethereum co-founder looking to quietly cash out.
We now can say for sure that it was an Ethereum co-founder who tried to slyly sell off his ETH stash during the holiday.Source link hereFor sure, this guy would really want to have a “millionaire lifestyle” of spending Christmas!Although we respect their reasons for selling tokens (even me of course), it’s just that he cannot escape of being “quiet”. Thanks to the blockchain technology, everyone can track where the funds are moved, especially the co-founders which they disclose it to their community.
I have a question to all of you, especially the Ethereum community. What is your reaction about him moving his 90,000 ETH for the purpose of spending it during the Holidays. Is it okay or he should have cashed out only a little?
I'm one of the guys that are very bullish on Ethereum, after reading this I feel sorry for the guy Ethereum is still a strong coin, and he could have sold, a few and just sell some more again next year, but that his decision, I just feel this is the wrong time to sell his shares and why now why when it is higher than the price he has sold it.