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Ethereum Co-Founder Vitalik Buterin Moves Massive Amount of ETH to Coinbase

Published 2023-09-25, 01:28 a/m
Ethereum Co-Founder Vitalik Buterin Moves Massive Amount of ETH to Coinbase
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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.

No effect on Ether's price

Despite the ongoing speculation and discussions, the Ethereum price has remained relatively stable, currently sitting at $1,570. According to , Ethereum has witnessed a trading volume of over $5 billion in the last 24 hours.

This article was originally published on U.Today

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