Ethereum

Millions

USDC

Coin

<ul class="wp-block-list news-points">
 <li>Vitalik Buterin moves 800 ETH worth over $2 million to a multi-sig wallet.</li>
 <li>The wallet later swapped 190 ETH for 477,000 USDC shortly after.</li>
 <li>Earlier this month, Buterin transferred 3,000 ETH to the same wallet.</li>
</ul>
Ethereum co-founder <a href="https://coinedition.com/vitalik-buterin-clarifies-defi-stance-stresses-centralization-threats/" rel="noopener noreferrer nofollow">Vitalik Buterin</a> has once again caught the crypto community’s attention with his movement of Ethereum (ETH) to a multi-signature wallet. According to a recent post by Lookonchain on X, Buterin, operating through his well-known wallet address “vitalik.eth,” transferred 800 ETH, valued at approximately $2.01 million, to a multi-signature wallet a few hours ago.
<figure class="wp-block-image size-full"><img decoding="async" width="512" height="199" src="https://coinedition.com/wp-content/uploads/2024/08/unnamed-34.png" alt="" class="wp-image-489540" srcset="https://coinedition.com/wp-content/uploads/2024/08/unnamed-34.png 512w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-34-300x117.png 300w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-34-380x148.png 380w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-34-159x62.png 159w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-34-440x171.png 440w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-34-414x161.png 414w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-34-326x127.png 326w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-34-377x147.png 377w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-34-123x48.png 123w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-34-129x50.png 129w" sizes="(max-width: 512px) 100vw, 512px">
 <figcaption class="wp-element-caption">
 Etherscan image by Lookonchain
 </figcaption>
</figure>
Shortly after receiving the 800 ETH, the multi-sig wallet swapped 190 ETH for $477,000 USDC stablecoin. While the reason for this swap remains unclear, it could indicate liquidity management strategies.
Buterin’s latest transactions are not isolated events. Earlier this month, on August 9, 2024, he transferred a much larger sum of 3,000 ETH, approximately worth $8.04 million, to the same multi-sig wallet. This pattern of frequent transfers and asset swaps suggests Buterin may be preparing for future projects, market stabilization, or other fin…
The post <a href="https://coinedition.com/vitalik-buterin-moves-millions-in-eth-to-multi-sig-wallet-reasons-unknown/" rel="noopener noreferrer nofollow">Vitalik Buterin Moves Millions in ETH to Multi-Sig Wallet, Reasons Unknown</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Vitalik Buterin Moves Millions in ETH to Multi-Sig Wallet, Reasons Unknown

Coin Edition

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