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 Onchain data shows that Ethereum co-founder Vitalik Buterin moved 600 ETH to U.S. exchange Coinbase amid ongoing market woes.
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<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" href="https://thebittimes.com/tag/founder.html">founder</a> Vitalik Buterin as cryptocurrency markets remain depressed after widespread weekend losses.
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 #PeckShieldAlert vitalik.eth has transferred 600 $ETH (~$1M) to #Coinbase pic.twitter.com/XVTwLqPENM— PeckShieldAlert (@PeckShieldAlert) August 21, 2023
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 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.
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 Blockchain data <a rel="noopener noreferrer nofollow" 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.
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 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
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 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;
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 JUST IN: #Ethereum <a rel="noopener noreferrer nofollow" 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
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 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.
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Ethereum co-founder Vitalik Buterin moves $1M of ETH to Coinbase

TheBitTimes

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