Ethereum Transfer Sparks Speculation on Intentions

According to TechFlow, on May 20, blockchain analysis platform Lookonchain reported that after Jeffrey Wilcke deposited Ethereum into a centralized exchange (CEX), eight newly created wallets withdrew a total of 105,736 Ethereum, valued at approximately $262 million. Lookonchain analysts suggest that Wilcke may not intend to sell the Ethereum but rather transfer it to other wallets.