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Ethereum co-founder Jeffrey Wilcke transferred $72 million worth of ETH to Kraken, making it his fourth transfer to the exchange this year totaling over $147 million. Ethereum Foundation addresses have seen large ETH transfers, sparking community concerns. Vitalik Buterin clarified his ETH sales were to support projects, not for self-gain. ETH investors are worried about underperformance compared to Bitcoin and Solana, which have higher returns in 2024.
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