bullish

Starknet

Million

<h2 id="key-points">Key Points</h2> 
<ul> 
 <li>Vitalik Buterin has transferred 1.3 million STRK tokens, causing a 4.53% price increase.</li> 
 <li>Buterin also transferred 800 ether worth over $2.1 million, leading to rumors of a large-scale selloff.</li> 
</ul>  
<p>Vitalik Buterin, co-founder of <a href="https://coineagle.com/price/ethereum/">Ethereum</a>, has recently been involved in significant cryptocurrency transfers. </p> 
<p>He moved 800 ether, valued at over $2.1 million, to a multi-signature wallet. This action has ignited speculations about a possible large-scale selloff. </p> 
<h2 id="vitalik-buterin-s-strk-movements">Vitalik Buterin’s STRK Movements</h2> 
<p>On September 4th, Buterin also withdrew 1.268 million Starknet [STRK] tokens from Starknet’s Locked Token Grant contract. The tokens were worth around $470,000. </p> 
<p>This information was revealed by Wu Blockcahin’s X post. The post stated that Buterin now holds a total of 2.113m STRK, valued approximately at $781,000. Apart from ETH, this is Buterin’s most valuable token. </p> 
<p>The value of these tokens increased to $854,730 at $0.39 per token, leading to speculations about Buterin’s future plans. </p> 
<p>STRK has now become the second-largest token holding for Buterin, after Ethereum. In May, Buterin made a similar transfer of 845,205 STRK tokens, which resulted in a significant price increase. </p> 
<h2 id="effect-on-strk-market">Effect on STRK Market</h2> 
<p>The recent transfer seems to have caused a similar market reaction. As per the latest CoinMarketCap update, STRK experienced a rise of 4.53% in the past 24 hours, trading at $0.3983. </p> 
<p>An analysis of TradingView data indicated a cautiously bullish sentiment, with the RSI slightly above neutral at 51, suggesting potential upward momentum. However, the RSI dipped slightly, making the bullish outlook uncertain. </p> 
<p>The MACD line’s position above the Signal line confirmed the presence of bullish activity. It also hinted at a possible sustained rally if STRK surpasses its resistance at $0.43. </p> 
<p>Before this STRK token withdrawal, Buterin moved various tokens, including PIKA, ETH, DIMO, and POKT, between his wallets. This sparked questions about his future intentions. </p> 
<p>Some believe these transactions indicate another charitable donation, following his past patterns. Others interpret these moves as strategic reallocations within his portfolio. </p> 
<p>Regardless of the motive, Buterin’s actions have stirred curiosity about his broader plans, prompting the market to anticipate further developments.</p>

Vitalik Buterin’s Transfer of 1.3 Million STRK Sparks Altcoin Response

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CoinEagle.com

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