Ethereum

Ethereum’s co-founder, Vitalik Buterin, has made a significant transaction. Blockchain analytics from etherscan.io confirmed that Buterin transferred 600 Ethereum (ETH), equivalent to approximately $1 million, to the renowned digital asset exchange, Coinbase, earlier this week. 
This transaction coincided with a rather challenging week for <a href="https://crypto.ro/en/cryptocurrencies/ethereum">Ethereum</a>, the world’s <a href="https://crypto.ro/en/education/best-crypto-to-buy-now/#2-ethereum-eth-large-cap-best-crypto-to-buy-today">second-largest cryptocurrency</a> by market capitalization, dipped by an alarming 10% over the past week. 
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 <img decoding="async" class="wp-image-23583 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/08/Eth-price-chart.png" alt="Eth price chart" width="1394" height="792" srcset="https://crypto.ro/en/wp-content/uploads/2023/08/Eth-price-chart.png 1200w, https://crypto.ro/en/wp-content/uploads/2023/08/Eth-price-chart-300x170.png 300w, https://crypto.ro/en/wp-content/uploads/2023/08/Eth-price-chart-1024x582.png 1024w, https://crypto.ro/en/wp-content/uploads/2023/08/Eth-price-chart-768x436.png 768w, https://crypto.ro/en/wp-content/uploads/2023/08/Eth-price-chart-750x426.png 750w, https://crypto.ro/en/wp-content/uploads/2023/08/Eth-price-chart-1140x648.png 1140w" sizes="(max-width: 1394px) 100vw, 1394px" title="Vitalik Buterin, Ethereum co-founder, transfers $1million in ETH to Coinbase 23">
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 Ethereum 7 days price chart | CoinMarketCap
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However, in a silver lining to the stormy cloud, ETH prices showed a semblance of recovery, standing at $1,700, reflecting a positive trend within the last 24 hours. 
Interestingly, this isn’t Buterin’s only significant move recently. 
Just a day prior, on-chain data from lookonchain revealed that the Ethereum prodigy repaid a hefty sum of 250,000 <a href="https://crypto.ro/en/cryptocurrencies/rai">RAI</a>, while also withdrawing an amount approximating $1.6 million in ETH. For those less versed in the crypto lexicon, RAI is an ETH-backed stablecoin, unique in its non-pegged nature.

Vitalik Buterin, Ethereum co-founder, transfers $1million in ETH to Coinbase

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