Ethereum Founder Vitalik Buterin Sends 600 ETH to Coinbase
Ethereum (ETH) founder Vitalik Buterin has recently made several notable transactions in the crypto space. One of his latest moves involved sending 600 ETH worth over $1 million to Coinbase, a major US-based digital asset exchange. The transaction was completed with a fee of less than $0.50, according to Ethereum blockchain tracker Etherscan.
Key Points:
- Vitalik Buterin transferred 600 ETH to Coinbase, potentially for selling on the open market.
- In a previous transaction, Buterin moved 200 ETH to an unknown wallet and then to the crypto exchange Kraken.
- Buterin also sent 500 ETH to the decentralized finance protocol Reflexer, using it as collateral to accumulate stablecoins.
- Recently, Buterin sold meme tokens worth $693,000, which he had received as gifts.
- At the time of writing, ETH is trading at $1,660.
Hot Take: Vitalik Buterin’s recent transactions indicate his active involvement in the crypto market. By sending large amounts of ETH to various platforms, he shows a willingness to explore different opportunities and potentially capitalize on market conditions. These moves may also signal Buterin’s efforts to diversify his crypto holdings, as well as support the growth and development of the decentralized finance ecosystem.
By
By
By
By