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 <p>Ethereum Co-Founder <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/vitalik.html">Vitalik</a> Buterin has indulged in another Ethereum transfer. Citing on-chain data, blockchain security company PeckShield recently revealed that an address named ‘<a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/vitalik.html">Vitalik</a>.<a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/eth.html">ETH</a>’ transferred 3,000 <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/eth.html">ETH</a> to a ‘Vb2’ labeled address. At press time, Ether was trading at $16382, bringing the value of the tokens to around $5 million.</p>
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    <p>#PeckShieldAlert <a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/vitalik.html">Vitalik</a>.<a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/eth.html">ETH</a> labeled-address has transferred 3K $<a rel="noopener noreferrer nofollow" href="https://thebittimes.com/tag/eth.html">ETH</a> (~$4.95M) to Vb 2 labeled-address pic.twitter.com/f8ETU42TrD</p>— PeckShieldAlert (@PeckShieldAlert) August 28, 2023
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 <p><strong>Also Read:&nbsp;Crypto SIM Swap Scams Fetch Hackers $13 Million in 4 Months</strong></p>
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 <p>After the transfer, 933.79 ETH were left in Buterin’s wallet. The contents were worth $1.5 million. The Vb2 wallet, on the other hand, consisted of 3,017<strong>.</strong>96 ETH. The exact reason behind the latest transfer is not known. However, it should be noted that Vb2 is a&nbsp;wallet&nbsp;that is believed to be controlled by Buterin himself. One thesis that community members believe is that the Ethereum co-founder could be shuffling funds from one wallet to another to secure his holdings and shield them from getting hacked.</p>
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    vitalik.eth Wallet Balance | Source: Etherscan
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 <h3 class="wp-block-heading" id="h-ethereum-price-remains-unaffected">Ethereum Price Remains Unaffected</h3>
 <p>The price of Ethereum has remained relatively stable after the transfer. Over the past 24-hours, ETH has fluctuated by less than 1%. In fact, the aggregate trade volume during this period hovered above $3.6 billion.</p>
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    Source: Ledger Insights
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 <p><strong>Also Read: ARK Invest, 21Shares File for 2 New Ethereum, Bitcoin Futures ETFs</strong></p>
 <p>The latest transfer comes on the heels of Buterin’s 600 ETH transfer [valued at $1 million] to the Coinbase exchange last week. The nature of the aforementioned transaction also remains unknown. However, as revealed in a recent article, speculation pointed to the possibility that Buterin could be selling. In fact, people had already started labeling this transaction as the beginning of the dumping season.</p>
 <p>At press time, Ethereum’s exchange net-flows reflected a positive value of 7,372 ETH, bringing to light the emerging sell pressure in the Ethereum market. If this intensifies going forward, ETH’s valuation could be dented.</p>
 <p><strong>Also Read: Ethereum is Down 30% Against Bitcoin As Vitalik Buterin Moves 600 ETH</strong></p>
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  <li>ETH</li>
  <li>ethereum</li>
  <li>Vitalik</li>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/ethereum-vitalik-buterin-moves-3000-eth-worth-5-million-tbt60633.html">https://thebittimes.com/ethereum-vitalik-buterin-moves-3000-eth-worth-5-million-tbt60633.html</a></p>

Ethereum: Vitalik Buterin Moves 3000 ETH Worth $5 Million

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