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<div class="cryptonews"> 
 <p class="is-style-lead">In the early morning of Aug. 21, Ethereum (ETH) co<a rel="noopener noreferrer nofollow" title="-founder" href="https://thebittimes.com/tag/founder.html">-founder</a> Vitalik Buterin sent 600 ETH, equivalent to over $1 million, to a Coinbase deposit address.</p> 
 <p>While some may ask themselves if this indicates Buterin jumping ship, a deeper look into his wallets shows this is not true.</p> 
 <p>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.</p> 
 <p>The choice of exchange is unsurprising, given that data clearly shows he prefers Coinbase over other exchanges.</p> 
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 <p>Moreover, Buterin’s publicly-known wallets currently hold 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.</p> 
 <p> 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.</p> 
 <p>In conclusion, while Buterin has <a rel="noopener noreferrer nofollow" title="moved" href="https://thebittimes.com/tag/moved.html">moved</a> 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.</p> 
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Ethereum co-founder Buterin moved 600 ETH to Coinbase

TheBitTimes

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