Ethereum

JUST

Maker

United

Bitcoin

<div class="sg-post-des">
 Onchain data shows that Ethereum co-founder Vitalik Buterin moved 600 ETH to U.S. exchange Coinbase amid ongoing market woes. 
</div> 
<div class="cointelegraph"> 
 Blockchain sleuths have flagged the transfer of $1 million of ETH belonging to a wallet controlled by Ethereum (ETH) co-<a rel="noopener noreferrer nofollow" title="founder" href="https://thebittimes.com/tag/founder.html">founder</a> Vitalik Buterin as cryptocurrency markets remain depressed after widespread weekend losses. 
 <blockquote class="twitter-tweet"> 
 #PeckShieldAlert vitalik.eth has transferred 600 $ETH (~$1M) to #Coinbase pic.twitter.com/XVTwLqPENM— PeckShieldAlert (@PeckShieldAlert) August 21, 2023 
 </blockquote> 
 The publicly labeled Ethereum wallet address vitalik.eth transferred 600 ETH on Aug. 21, with the address still holding over 3,900 ETH valued at $6.5 million as per data from Etherscan. 
 <figure> 
 <img src="https://s3.cointelegraph.com/uploads/2023-08/29e410a4-bf32-480c-9257-ca8086f1d5b6.png"> 
 </figure> 
 Blockchain data <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> from Lookonchain also revealed that vitalik.eth repaid 251,000 RAI tokens on Maker and withdrew 1,000 ETH, worth $1,67 million, hours before the movement of ETH to Coinbase. 
 <blockquote class="twitter-tweet"> 
 vitalik.eth repaid 251K $RAI on #Maker and withdrew 1,000 $ETH($1.67M) yesterday. Then deposited 600 $ETH($1M) to #Coinbase 5 hrs ago.https://t.co/pw8ekIYSs1 pic.twitter.com/rkJo42OSlq— Lookonchain (@lookonchain) August 21, 2023 
 </blockquote> 
 A number of prominent blockchain data aggregators and publications shared insights into the transfer of 600 ETH to United States-based cryptocurrency exchange Coinbase. The move caused a stir on social media in the hours after the transfer, with speculation around the transaction rife.&nbsp; 
 <blockquote class="twitter-tweet"> 
 JUST IN: #Ethereum <a rel="noopener noreferrer nofollow" title="founder" href="https://thebittimes.com/tag/founder.html">founder</a> Vitalik Buterin transfers 600 $ETH ($1,000,000) to Coinbase.— Watcher.Guru (@WatcherGuru) August 21, 2023 
 </blockquote> 
 Buterin's transaction comes as wider cryptocurrency markets remain fragile follow a sharp correction over the weekend. Bitcoin and Ethereum&nbsp;saw losses of 11%&nbsp;and&nbsp;8%&nbsp;respectively.&nbsp; 
 Related:&nbsp;Vitalik dumps $700K worth of shitcoins that he never asked for 
 As Cointelegraph has previously reported, Buterin has admitted to selling portions of his ETH holdings on separate occasions&nbsp;over the past five years&nbsp;and has also publicly dumped tokens he has received in&nbsp;unsolicited alt coin airdrops. 
 Magazine:&nbsp;Deposit risk: What do crypto exchanges really do with your money? 
 <template data-name="subscription_form" data-type="markets_outlook"></template> 
</div>

Ethereum co-founder Vitalik Buterin moves $1M of ETH to Coinbase

TheBitTimes

Other articles published on Aug 21, 2023

TRMB Stock Tumbling Around $50; Sellers Hindering Surging Price?

Mango Markets Struggles: Legal Funding Request Rejected

Maker (MKR) & Fantom (FTM) Rise, Yet VC Spectra’s (SPCT) 900% End-of-Presale Gain is the Buzz

BinaryX Hackathon: US$25,000 Cash Prizes For Gaming Developers Looking to Shape the Future of GameFi

Bitcoin Price Analysis: Capped Around 29529 - 12 August 2023

Bitcoin Ordinals dominate majority of BTC transactions

Join our free newsletter for daily crypto updates!