Ethereum co-founder Vitalik Buterin has set the blockchain community abuzz with his recent financial maneuvers. With a flurry of Ether (ETH) transfers worth millions, this article dives into the details of Buterin’s crypto escapades, highlighting a substantial $600,000 transaction to Coinbase.
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Blockchain’s Sleuths Uncover Vitalik’s ETH Gift
In September 2023, crypto sleuths with a knack for tracking blockchain transactions stumbled upon a series of strange moves involving Ethereum’s legendary co-founder, Vitalik Buterin. They uncovered a sequence of Ether transactions, each with its own story to tell, all adding up to a $3.9 million. You’ve got the moves like jagger, Vitalik!
It begins begins with a wallet associated with Vitalik Buterin initiating a transaction of 400 ETH, equivalent to approximately $600,000, to the popular cryptocurrency exchange, Coinbase. A significant move that sent ripples throughout the crypto world, it left many wondering about Buterin’s intentions behind this sizeable transfer.
The Great Ethereum ETH Migration
But that’s just the tip of the iceberg. According to the blockchain analysis platform Spot On Chain, this transaction is just one episode in a string of ETH deposits made by Buterin into centralized exchanges over the course of ten days. The grand total? An astonishing 2,421 ETH, equating to a staggering $3.94 million, all moved between September 15 and beyond.
Kraken, Bitstamp, and Paxos: Vitalik’s Stamping Grounds
The blockchain detectives meticulously pieced together the puzzle, revealing that 321 ETH had found its way to Kraken between September 15 and September 19. Bitstamp, another cryptocurrency exchange, played host to a series of transactions involving a hefty 1,700 ETH on September 17 and 20. To top it off, 500 ETH made a pit stop at Paxos on September 19.
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Independently Verified by Cointelegraph
To add further credence to these mind-boggling transactions, Cointelegraph independently verified several of them. Accessing Nansen 2 beta’s wallet profiler, they confirmed the authenticity of these movements. The blockchain data also underscored a substantial transfer of 2,000 ETH, equivalent to a staggering $4.9 million, to the address responsible for these transfers. This address has long been associated with the Ethereum co-founder.
A Tale of Three Wallets
Spot On Chain delved even deeper into the rabbit hole, highlighting the source of the 2,000 ETH transaction as a “better-known address” (0xD04daa65144b97F147fbc9a9B45E741dF0A28fd7) owned by Buterin. This revelation added an intriguing layer to the unfolding narrative, contrasting with the middle address (0x5567A4bE2D5b77F5Fd870f99Ed9167Feab8831B1) responsible for ferrying funds to various exchanges.
Recalling the $1 Million Transaction
This whirlwind of transactions isn’t Buterin’s first dance with crypto headlines. On August 21, there was a notable 600 ETH ($1 million) transaction from the address vitalik.eth, which didn’t escape the watchful eyes of on-chain monitoring platforms.
Concluding Thoughts
As the crypto community eagerly watches Vitalik Buterin’s financial maneuvers, the Ethereum co-founder’s recent $600,000 ETH transfer to Coinbase remains a hot topic.
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With millions in ETH making its way to various exchanges, one can only wonder about the motivations behind these moves.
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