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- Ethereum co-founder transfers 22,000 ETH to Kraken.
- The transferred Ether was valued at approximately $41.1 million.
- VanEck forecasts the price of ETH to reach $11.8k by 2030.
An Ethereum address, thought to be managed by co-founder Jeffrey Wilcke, has reportedly dispatched 22,000 ether, valued at $41.1 million, to a Kraken exchange address. This transaction occurred around two hours ago and has been confirmed by several sources.
Following this transfer, Wilcke’s address continues to hold over 150,000 ether, worth nearly $280 million. It is noteworthy that it had been 29 months since Wilcke’s address last executed an ether transfer, with the previous transaction involving 15,000 ether sent to Kraken, as reported by crypto journalist Colin Wu.
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Ethereum co-founder Jeffrey Wilcke transferred 22,000 ETH ($41.13M) to the Kraken exchange. The last time Jeffrey Wilcke's address transferred ETH out was 29 months ago (2021/01/06) when he transferred 15,000 ETH into Kraken. At present, the Jeffrey Wilcke address still holds…
— Wu Blockchain (@WuBlockchain) June 5, 2023
VanEck forecasts Ethereum to reach $11.8k by 2030
VanEck, a worldwide investment management firm, has issued forecasts regarding Ethereum’s (ETH) price in 2030, suggesting it could attain $11,800 and emerge as a competitor to U.S. Treasury bonds. This valuation was derived by discounting Ethereum at 12% to ascertain its present-day worth, leading to a base case price of $5,359.71.
The forecasts are detailed in a report written by Matthew Sigel, head of digital assets, alongside Patrick Bush, a senior investment analyst for digital assets at VanEck. The report not only outlines the analysis and valuation approach for Ethereum but also considers elements such as transaction fees, MEV (Miner Extractable Value), and “security as a service.”
Additionally, it examines Ethereum’s potential market share across different sectors and its viability as a store of value within the growing cryptocurrency landscape.
