Vitalik Buterin Transfers $14.93 Million Worth of USDC to Gemini
Vitalik Buterin, the co-founder of Ethereum, recently made a significant transfer of USD Coin (USDC) to Gemini, one of the leading crypto exchanges in the US. According to PeckShield, a blockchain analyst company, Buterin’s wallet named “Vitalik.eth” sent 14.93 million worth of USDC to Gemini on October 16. The source of the USDC was Kanro Charity, an organization affiliated with Vitalik that supports open-source research on airborne pathogens. Kanro transferred 14.93 million USDC to Vitalik.eth on October 14.
Other Transactions Involving Buterin
Recent data from Lookonchain, a crypto data provider, reveals that this transfer was not the only one involving Buterin. Just three days earlier, on October 14, he also deposited nearly $500,000 into Coinbase. However, the price of Ethereum’s native currency Ether (ETH) remained relatively unaffected by these transfers, with only a minimal drop of 0.62% in the past six hours.
Ongoing Deposits to Exchanges
According to on-chain analytics firm Lookonchain, Buterin has been making substantial deposits of Ethereum (ETH) to popular cryptocurrency exchanges. One notable transaction involved the movement of 1,000 ETH tokens worth approximately $1.64 million to the Bitstamp exchange. Over the past two months, the same address associated with Buterin deposited a total of 4,400 ETH into Bitstamp, totaling around $7.23 million.
Hot Take: Vitalik Buterin Continues to Make Significant Crypto Deposits
Vitalik Buterin’s recent transfers of USDC and ETH to exchanges demonstrate his ongoing involvement in the crypto market. Despite these large transactions, the price of Ethereum has remained relatively stable. Buterin’s actions may indicate his confidence in the cryptocurrency industry and his strategy for managing his assets. As an influential figure in the crypto space, Buterin’s movements are closely watched by investors and enthusiasts alike.
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