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Regarding Ethereum's trends, its co-founder Jeffrey Wilcke sent approximately 1,500 ETH to the cryptocurrency exchange Kraken on the past Thursday, and he may be considering selling part of his Ether.

According to data from the blockchain analysis platform Lookonchain, Wilcke sent 1,500 Ether to the cryptocurrency exchange, worth about $6 million. Meanwhile, the price of Ether dropped from $4,000 to about $3,900.

Transferring cryptocurrency to the exchange deposit address does not guarantee that it will be sold.

In August this year, Wilcke deposited ETH worth $9.22 million to the Kraken platform. Previously, he had sent ETH worth $262 million to Kraken. At that time, the Lookonchain platform speculated that he most likely withdrew an equivalent amount of ETH to eight newly created wallets instead of selling, and there were also reports that whale molecules holding Ethereum were massively buying ETH.

In any case, the decline in all cryptocurrency prices has led to recent purchases by Ethereum whales.

Despite the continued market slump, with ETH prices dropping 13% in the past week, it seems that whale molecules are taking this opportunity to buy ETH at lower prices.