U.Today - Ethereum co-founder Vitalik Buterin a significant amount of Ethereum (ETH) to the cryptocurrency exchange, Coinbase (NASDAQ:COIN), according to blockchain sleuth LookOnChain.
Blockchain data indicates that Buterin deposited 400 ETH, valued at approximately $632,000, to , sparking speculation within the crypto community.
A routine transaction?
This event comes shortly after another substantial transfer by Buterin . As reported by U.Today, deposited 600 ETH, roughly equating to $1 million, to Coinbase.The most recent transfer has resulted in a mixed response from the cryptocurrency community, with many crypto aficionados cracking jokes while speculating about the possible reasons behind such a large move.
Several community members seem to wonder if this indicates a potential strategic adjustment or a mere routine transaction.