Ethereum co-founder Secretly Sold $11M Worth of ETH on Christmas Day! Got Outed!

[samcrypto]

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.

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.

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.

[tazmantasik]

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)

[pushups44]

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 industry as a whole in 2020.

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

[chaoscoinz]

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/

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.

[Nadziratel]

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/

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.

[poodle63]

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)

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

[wxa7115]

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.

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.