POAP Co-Founder Suspected of Selling 2000 ETH Worth Over $4 Million

POAP Co-Founder's ETH Transaction Sparks Interest

On-chain data shows unusual activity from a wallet associated with POAP co-founder worthalter. Approximately 2000 ETH were transferred from this address and subsequently liquidated across multiple exchanges, representing a total value of $4.1 million.

First Movement in Months

This transaction marks the first ETH activity from this address since October last year. Current blockchain analytics indicate the wallet still holds 44,820.73 ETH (including WETH), with a total market value exceeding $90 million.

• Transaction Time: 11 hours ago
• Transaction Amount: 2000 ETH
• Transaction Value: $4.1 million
• Total Holdings Value: $90.45 million

Whether this reduction indicates strategic positioning by the project team or routine asset management remains to be seen through continued tracking of fund movements.