Old Digital Money on the Move: Vitalik Buterin and ICO Participant Transfer Ethereum
Recent on-chain data reveals that old digital money is making moves. Ethereum co-founder Vitalik Buterin deposited 600 Ethereum, worth approximately $1 million, to Coinbase. Another dormant Ethereum address, which participated in Ethereum’s initial coin offering (ICO) in 2014, transferred 191 ETH, worth around $320,000, to another address. Here are the key points:
- Vitalik Buterin transferred 600 ETH to Coinbase, accounting for only 0.01% of Ethereum’s daily average trading volumes.
- This transfer brings Vitalik’s total amount transferred to Coinbase to $4.6 million.
- The ICO participant who transferred their ETH bought UNIBOT and APE tokens.
- The UNIBOT token is native to Unibot, a Telegram bot linked to the Uniswap exchange, while APE token is a governance token for the ApeCoin DAO ecosystem.
- Other similar transfers have occurred recently, including a $116 million transfer to Kraken and a 4,032 ETH transfer to a proof-of-stake contract.
These movements in old digital money have sparked speculation among crypto enthusiasts. While the impact on price remains uncertain, it is interesting to see significant amounts of Ethereum being transferred and the tokens being purchased.
Hot Take: Old digital money is finding new life as Ethereum co-founder Vitalik Buterin and ICO participants make significant transfers. These moves have caught the attention of the crypto community, prompting speculation about their potential implications for the market. While the exact impact on price remains uncertain, it is clear that these transfers are significant and worth monitoring.
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