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

[cryptozink]

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/

[Kyraishi]

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.

[sureshnsnet]

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/

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.

[pakhitheboss]

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

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.

[mcnocon2]

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.

[knuckey]

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. what game does he mean? While ethereum 2.0 will be launched soon 

[ecnalubma]

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.

[mrdeposit]

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... 

[TastyChillySauce00]

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.

[robelneo]

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.

[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/

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.

[Kemarit]

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.

[pikkie]

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/

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.

[Aabcde]

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.

[BintangBuleun]

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/

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.

[inanilujimi]

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.

[meldrio1]

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.

[antsam]

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

[bitcampaign]

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

[Divinespark]

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/

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.

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.