POAP Founder Transfers 18,000 ETH to Gemini in Nine Days

The POAP founder transferred 18,000 Ether (ETH), worth about $45.9 million, to Gemini over nine days, including a 10,000-ETH deposit made hours before the Oct. 14 update.

The latest deposit was valued at about $25 million. After the transfers, the wallet held 41,468 ETH, worth about $103.7 million.

The nine-day total included an Oct. 10 deposit of 4,000 ETH to Gemini. After that transfer, the wallet held approximately 51,468 ETH; the deposit followed an 8,000 ETH reduction over the preceding six days.