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<p>Ethereum co-founder Vitallik Buterin has transferred 800 ETH worth around $2.01 million to a multi-signature wallet today. On-chain analytics firm Lookonchain revealed this information.&nbsp;&nbsp;</p>
<p>After the transfer, 190 of the 800 Ethereum tokens were swapped for 477,000 USDC. This liquidation action has raised concerns about what the cofounder could be up to.&nbsp;</p>
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   <p lang="en" dir="ltr">vitalik.eth(<a href="https://twitter.com/VitalikButerin?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@VitalikButerin</a>) transferred 800 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>($2.01M) to a multisig wallet again 40 minutes ago.<br><br>The multisig wallet swapped 190 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a> for 477K <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$USDC</a> later.<br><br>On Aug 9, <a href="https://twitter.com/hashtag/Vitalik?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#Vitalik</a> also transferred 3,000 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$ETH</a>($8.04M) to this multisig wallet.<a href="https://t.co/81Vf39bvbL" target="_blank" rel="noopener noreferrer nofollow">https://t.co/81Vf39bvbL</a> <a href="https://t.co/6IlwtcqvPg" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/6IlwtcqvPg</a></p>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1829407124520374565?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 30, 2024</a>
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<p>Within two hours of Lookonchain’s post, the comment section already had more than 160 comments, with many fearing that the co-founder is selling the ETH tokens.</p>
<p>Lookonchain also noted that <a href="https://en.wikipedia.org/wiki/Vitalik_Buterin" target="_blank" rel="noopener noreferrer nofollow">Vitalik</a> transferred 3,000 ETH worth around $8.04 million to the same multi-signature wallet earlier in April.</p>
<p><strong><em>Read Also: <a href="https://captainaltcoin.com/metric-that-triggered-80-kaspa-price-surge-reemerges-but-kas-could-dip-first/" target="_blank" rel="noopener noreferrer nofollow">Metric That Triggered 80% Kaspa Price Surge Reemerges, But KAS Could Dip First</a></em></strong></p>
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<p>Selling just a little could be to avoid a major dump on the market, but many Ethereum holders will follow closely to see if this selling action will continue. If he sells all the tokens transferred to the multi-sig wallet, that would be more than $10 million in liquidated ETH tokens.</p>
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<p>The post <a href="https://captainaltcoin.com/ethereum-co-founder-vitalik-buterin-could-dump-over-10-million-in-eth-heres-why/" rel="noopener noreferrer nofollow">Ethereum Co-founder Vitalik Buterin Could Dump Over $10 Million in ETH – Here’s Why</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Ethereum Co-founder Vitalik Buterin Could Dump Over $10 Million in ETH – Here’s Why

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