Blockchain Sleuths Discover Vitalik Buterin’s $14.9 Million Transfer to Gemini
Blockchain analysts have identified a recent transaction in which Ethereum co-founder Vitalik Buterin transferred $14.9 million worth of USD Coin (USDC) to the cryptocurrency exchange Gemini. The transfer was made from Buterin’s wallet, “vitalik.eth,” on October 16. The funds were originally received by Buterin from Kanro, a charity associated with him, on October 14. Additionally, Buterin had also transferred nearly $500,000 to Coinbase three days prior.
Ethereum’s Price Remains Steady
The news of the transfer did not significantly impact the price of Ethereum’s native currency, Ether (ETH), which only experienced a 0.68% decrease in the past four hours following the announcement.
Continued ETH Deposits to Centralized Exchanges
This recent transaction is part of a trend of ETH deposits from Buterin’s wallets to centralized exchanges in recent months. In September alone, the total transfers from his wallets amounted to over $3.9 million.
Hot Take: Vitalik Buterin’s Large Transfers Raise Questions
Vitalik Buterin’s significant transfers of funds to cryptocurrency exchanges like Gemini and Coinbase have sparked curiosity and speculation within the crypto community. The motives behind these transactions and how they may influence the market remain uncertain. As one of the founders of Ethereum, Buterin’s actions carry weight and can attract attention from investors and enthusiasts alike.
By
By
By
By
By