Ethereum

JUST

<div class="watcher-guru"> 
 <p><span style=", sans-serif;font-size: medium"><a rel="noopener noreferrer nofollow" title="Vitalik Buterin" href="https://thebittimes.com/tag/vitalik-buterin.html">Vitalik Buterin</a> is a co-founder of Ethereum, the second-largest cryptocurrency by market capitalization. </span>During the recent market downtrend, numerous individuals transferred funds within the cryptocurrency ecosystem. Notably, Buterin moved a substantial amount of Ethereum [<a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>] recently.</p> 
 <p>On-chain data&nbsp;revealed that Buterin orchestrated a transfer of 600 <a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a>, which held a value of approximately $1 million. The <a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a> was moved in a single transaction to the cryptocurrency exchange Coinbase.</p> 
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
  <div class="wp-block-embed__wrapper"> 
   <blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
    <p lang="en" dir="ltr">JUST IN: #Ethereum founder <a rel="noopener noreferrer nofollow" title="Vitalik Buterin" href="https://thebittimes.com/tag/vitalik-buterin.html">Vitalik Buterin</a> transfers 600 $<a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a> ($1,000,000) to Coinbase.</p> 
    <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
     <div class="publift-ad add"> 
      <div data-fuse="22560828227"></div> 
     </div> 
    </div> — Watcher.Guru (@WatcherGuru) August 21, 2023 
   </blockquote> 
  </div> 
 </figure> 
 <h2 class="wp-block-heading" id="h-buterin-s-move-comes-amidst-a-recent-market-slump">Buterin’s move comes amidst a recent market slump</h2> 
 <p>The nature of Buterin’s recent transaction is not yet known. Some speculation indicates he could be selling, leading certain people to point out this as the start of a dumping season.</p> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <p><strong>Also read: Logan Paul’s CryptoZoo Investors Still Waiting on Refunds 8 Months Later</strong></p> 
 <p>Some analysts also point out that if Ethereum slips below the $1,600 to $1,550 support zone, it could open the door for a major correction of 37–45%, potentially targeting the $1,000 level. Breaking below key support might set the stage for significant downward momentum.</p> 
 <p>The movement also comes at a time when the price of <a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a> is not in its best shape. <a rel="noopener noreferrer nofollow" title="ETH" href="https://thebittimes.com/tag/eth.html">ETH</a> is down from a 30-day high of $1,904 to a low of $1,551 and is currently trading at $1,673 at press time.</p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828233"></div> 
  </div> 
 </div> 
</div> 
<div class="cs-entry__tags"> 
 <ul> 
  <li>ETH</li> 
  <li>ethereum</li> 
  <li>Vitalik Buterin</li> 
 </ul> 
</div>

Ethereum's Vitalik Buterin Moves 600 ETH to Coinbase, What's the Motive?

Table of Contents

TheBitTimes

Other articles published on Aug 21, 2023

Friend.tech’s $1 Million in Fees Sparks Social Network Evolution

The FBI Seizes $1.7 Million in Crypto from a Drug Trafficking Operation!

XOM Stock Price Analysis Indicates “Strong Buy” Technical Rating

BTC Price Forecast: Here’s How Bitcoin Can Make A Comeback To Refuel The 2023 Bull Run!

Mampukah BRICS Mempercepat Dedolarisasi? Ini Kata Pakar

Scammers Fake Friend.Tech Airdrops for Phishing Attacks

Join our free newsletter for daily crypto updates!