Ethereum Co-Founder Vitalik Buterin Transfers $1 Million Worth of ETH to Coinbase
Ethereum co-founder Vitalik Buterin has recently transferred 600 Ether (ETH) worth approximately $1 million to Coinbase. This move comes amidst the market uncertainty that has been observed in the crypto industry. Buterin’s wallet still holds 3,900 ETH worth around $6.5 million.
Here are the key points:
- Buterin has made a series of transactions during the recent market downturn.
- Speculation around social media suggests a possible sell-off of the asset.
- The decline in BTC and ETH prices in the past week adds to the sell-off speculation.
- Buterin has previously sold parts of his ETH portfolio, mostly to Kraken.
- His recent transaction to Coinbase raises the total figure of assets moved to $4.6 million.
Despite Buterin’s transactions, similar movements in the past have not resulted in significant drops in the asset’s value. Additionally, an Ethereum whale who participated in the asset’s ICO in 2014 has also made a substantial transfer of around $320,000 worth of ETH.
Hot Take: Vitalik Buterin’s recent transfer to Coinbase has sparked speculation of a possible sell-off. The current market downturn and declining prices of BTC and ETH further fuel this speculation. However, it remains to be seen how these transactions will impact the overall crypto market.
By
By
By
By
By