Gemini

Ethereum

USDC

Coin

<p style="text-align: justify"><a href="https://en.coin-turk.com/ethereums-outlook-a-beacon-for-altcoin-investors-amid-challenges/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum</a>‘s (<a href="https://en.coin-turk.com/is-it-time-to-buy-ethereum-eth-what-was-the-reason-for-the-recent-rise/" data-wpel-link="internal" rel="noopener noreferrer nofollow">ETH</a>) co-founder, Vitalik Buterin, recently transferred a significant amount of USD Coin (USDC) to the US-based cryptocurrency exchange Gemini. According to PeckShield, a blockchain analysis company, Buterin sent 14.93 million USDC to Gemini on October 16th from his wallet address called “Vitalik.eth”.</p>
<h2 style="text-align: justify" id="strong-vitalik-receives-usdc-from-kanro-charity-strong"><strong>Vitalik Receives USDC from Kanro Charity</strong></h2>
<p style="text-align: justify">The source of the USDC moved by Buterin appears to be Kanro, a charity dedicated to supporting open-source research on airborne pathogens that is associated with Vitalik. Kanro transferred 14.93 million USDC to Vitalik.eth on October 14th.</p>
<p><img decoding="async" class="aligncenter wp-image-267269" src="https://coin-turk.com/wp-content/uploads/2023/10/Ethereum-ETH-Altcoin-Vitalik-Buterin.png" alt="" width="557" height="458"></p>
<p style="text-align: justify">Recent data from Lookonchain reveals that this transaction is not the only one involving Buterin. The data shows that Buterin deposited approximately $500,000 to <a href="https://en.coin-turk.com/bitcoin-remains-stable-amid-rising-outflows-and-regulatory-pressures/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Coinbase</a>, another US-based cryptocurrency exchange, on October 14th.</p>
<h2 style="text-align: justify" id="strong-ethereum-price-unaffected-by-vitalik-s-transfer-strong"><strong>Ethereum Price Unaffected by Vitalik’s Transfer</strong></h2>
<p style="text-align: justify">According to CoinMarketCap, the price of Ethereum’s native asset, Ether (ETH), remained relatively stable with only a 0.62% decrease in the past 24 hours, despite the news of Buterin’s recent transfers.</p>
<p style="text-align: justify">It is not unusual for Buterin to move large amounts of ETH or USDC to centralized cryptocurrency exchanges. In September, Buterin transferred over $3.9 million worth of cryptocurrency to Coinbase and Gemini, and in August, he sent 600 ETH ($1 million) to Coinbase.</p>
<p style="text-align: justify">Recent data from Lookonchain reveals that Buterin has deposited significant amounts of ETH to popular cryptocurrency exchanges. Notably, around 1,000 ETH worth approximately $1.64 million was moved to Bitstamp. Additionally, a total of 4,400 ETH worth around $7.23 million was deposited to Bitstamp from the same wallet address associated with Buterin in the past two months. The total value of Buterin’s deposits to cryptocurrency exchanges exceeded $3.9 million in September alone.</p> Continue Reading: <a href="https://en.coin-turk.com/vitalik-buterin-transfers-significant-amount-of-usdc-to-gemini-whats-behind-the-move/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/vitalik-buterin-transfers-significant-amount-of-usdc-to-gemini-whats-behind-the-move/</a>

Vitalik Buterin Transfers Significant Amount of USDC to Gemini: What’s Behind the Move?

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