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

[jazmuzika217]

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.

[sorrros]

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.

[alyssa85]

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.

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.

[yazher]

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.

[shiming]

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.

[Free1bitco.in]

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.

[bgaf]

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.

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.

[Script3d]

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.

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.

[ubercool]

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.

[Xcode7]

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/

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.

[Ferris419]

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!

[ðºÞæ]

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

[o48o]

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/

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.

[Script3d]

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

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.

[mindrust]

Even Vitalik dumped millions of coins before.

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



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."

[103deltafox]

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.

[beerlover]

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/

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.

[raes]

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.

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.

[duuuuude]

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?

[ije07]

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.

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.