Ethereum

Maker

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In the early morning of Aug. 21, Ethereum (<a href="https://crypto.news/price/ethereum/" data-type="link" data-id="https://crypto.news/price/ethereum/" rel="noopener noreferrer nofollow">ETH</a>) co-founder Vitalik Buterin <a href="https://platform.arkhamintelligence.com/explorer/tx/0x6283c4e3a14a45c00a6c1250b521de0d11bea399ddbf6025a34621261ea4a615" target="_blank" rel="noopener noreferrer nofollow">sent</a> 600 ETH, equivalent to over $1 million, to a Coinbase deposit address. 
While some may ask themselves if this indicates Buterin jumping ship, a deeper look into his wallets shows this is not true. 
This transfer towards Coinbase follows a transaction processed two days earlier that increased his ETH balance by 1,000 ETH. It means that despite his transfer to Coinbase, his Ethereum holdings still increased compared to just a couple of days earlier. 
The choice of exchange is unsurprising, given that data clearly shows he <a href="https://crypto.news/vitalik-buterin-prefers-coinbase-over-other-exchanges-analysis-shows/" rel="noopener noreferrer nofollow">prefers</a> Coinbase over other exchanges. 
 You might also like: <a href="https://crypto.news/vitalik-buterin-prefers-coinbase-over-other-exchanges-analysis-shows/" rel="noopener noreferrer nofollow"> Vitalik Buterin prefers Coinbase over other exchanges, analysis shows </a> 
Moreover, Buterin’s publicly-known wallets currently <a href="https://platform.arkhamintelligence.com/explorer/entity/vitalik-buterin" target="_blank" rel="noopener noreferrer nofollow">hold</a> a total of over 248,000 ETH — a number that increased by nearly 713 ETH compared to the beginning of August despite the value of those holdings falling. 
 His Ethereum holdings are also worth nearly $415 million, while the second most valuable asset on those wallets is Maker (MKR), worth only $544,000 or about $0.131 of his ETH holdings. 
In conclusion, while Buterin has moved a significant amount of ETH to Coinbase with the likely intention to sell it for fiat, this amount pales compared to his total Ethereum exposure. 
 Read more: <a href="https://crypto.news/vitalik-buterin-cashes-out-his-free-shitcoins-on-chain-data-shows/" rel="noopener noreferrer nofollow"> Vitalik Buterin cashes out his free shitcoins, on-chain data shows </a>

Ethereum co-founder Buterin moved 600 ETH to Coinbase

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