Ethereum

Spot

Ethereum co-founder, Vitalik Buterin, has reportedly transferred 400 Ethereum (ETH), approximately valued at $600,000, to the digital currency exchange Coinbase. This move is part of a series of ETH deposits to various centralized exchanges over the past ten days, as per data from blockchain analytics platform, Spot On Chain. 
Buterin’s recent transaction follows his pattern of depositing Ethereum into different <a href="https://crypto.ro/en/exchange/">exchanges</a>. According to Spot On Chain, since September 15, he has deposited an estimated 2,421 <a href="https://crypto.ro/en/cryptocurrencies/ethereum">ETH</a>, worth around $3.94 million. These transactions included 321 ETH deposited to <a href="https://crypto.ro/en/education/best-crypto-exchange/#6-kraken-most-secure-crypto-exchange">Kraken</a> between September 15 and September 19, 1,700 ETH to <a href="https://crypto.ro/en/education/best-crypto-exchange/#8-bitstamp-oldest-crypto-exchange">Bitstamp</a> in multiple transactions on September 17 and September 20, and 500 ETH to <a href="https://crypto.ro/en/tag/paxos/">Paxos</a> on September 19. 
<blockquote class="twitter-tweet"> 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/VitalikButerin?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">@VitalikButerin</a> deposited 400 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$ETH</a> to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">#Coinbase</a> at $1,579 ($632K) 2hrs ago. 
 Notably, Ethereum’s co-founder has deposited a total of 2,421 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">$ETH</a> to multiple CEXs at 1,628 on average ($3.94M) via two addresses over the past 10 days. 
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f449.png" alt="👉" class="wp-smiley" style="height: 1em; max-height: 1em;"> More details: <a href="https://t.co/tiJwn0omkk" rel="nofollow" target="_blank">https://t.co/tiJwn0omkk</a>… <a href="https://t.co/C3BqRmsUau" rel="nofollow" target="_blank">https://t.co/C3BqRmsUau</a> <a href="https://t.co/8v1jmadwaM" rel="nofollow" target="_blank">pic.twitter.com/8v1jmadwaM</a> 
 — Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1706156605874872403?ref_src=twsrc%5Etfw" rel="nofollow noopener" target="_blank">September 25, 2023</a>
</blockquote> 
<a href="https://crypto.ro/en/news/vitalik-buterin-ethereum-co-founder-transfers-1million-in-eth-to-coinbase/">The Ethereum co-founder</a> also reportedly transferred 2,000 ETH ($4.9 million) from another wallet associated with him to the address initiating these transactions. The source of this significant transaction is said to belong to a better-known address of Buterin’s than the one transferring funds to the exchanges. 
This is not the first time Buterin has made such notable transactions. In August, a 600 ETH ($1 million) transaction from the vitalik.eth address was identified by on-chain monitoring platforms. 
While some market watchers may interpret these transactions as a possible sale of Ethereum, it is crucial to remember that such transfers could have numerous explanations. They might be related to personal financial management, funding for projects, or even a simple reshuffling of assets. 
<h2 id="buterin-s-impact-on-eth-price">Buterin’s impact on ETH price</h2> 
As of today, the price of ETH stands at approximately $1,567.91 USD, with a 24-hour trading volume of roughly $4.39 billion USD. Despite a minor dip in the last 24 hours, representing a 1.54% decline, the cryptocurrency maintains a robust market presence. This slight decrease can be attributed to the inherent volatility of the crypto market and not necessarily linked to individual transactions or movements. 
<figure id="attachment_24012" aria-describedby="caption-attachment-24012" style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" class="wp-image-24012 size-full" src="https://crypto.ro/en/wp-content/uploads/2023/09/eth-price-1.jpg" alt="eth price 1" width="1392" height="792" srcset="https://crypto.ro/en/wp-content/uploads/2023/09/eth-price-1.jpg 1200w, https://crypto.ro/en/wp-content/uploads/2023/09/eth-price-1-300x171.jpg 300w, https://crypto.ro/en/wp-content/uploads/2023/09/eth-price-1-1024x583.jpg 1024w, https://crypto.ro/en/wp-content/uploads/2023/09/eth-price-1-768x437.jpg 768w, https://crypto.ro/en/wp-content/uploads/2023/09/eth-price-1-750x427.jpg 750w, https://crypto.ro/en/wp-content/uploads/2023/09/eth-price-1-1140x649.jpg 1140w" sizes="(max-width: 1392px) 100vw, 1392px" title="Ethereum co-founder Vitalik Buterin shifts $600K worth of ETH to Coinbase 7">
 <figcaption id="caption-attachment-24012" class="wp-caption-text">
 Ethereum (ETH) 24 hours Price Chart | CoinMarketCap
 </figcaption>
</figure>

Ethereum co-founder Vitalik Buterin shifts $600K worth of ETH to Coinbase

Table of Contents

crypto.ro global

Other articles published on Sep 25, 2023

3 platforms where content creators can earn crypto from live-streaming

DFINITY Foundation and The Game Company partnership revolutionizes gaming on decentralized internet

Crypto Daily Roundup, 22 Sep: Crypto jitters amid Fed's hawkishness

Cardano (ADA) Welcomes First Crypto Options Exchange: What to Know

Miss Universe disputes any connection to the just-announced coin concept.

Bitcoin Price Poised For 100% Surge, Analyst Says As Historical Pattern Forms

Join our free newsletter for daily crypto updates!