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Blockchain analysts have discovered several transactions worth millions of dollars from a wallet associated with ethereum co-founder Vitalik Buterin.
A total of 400 ether (eth) worth about $632,000 were transferred from Buterin’s wallet to the Coinbase cryptocurrency exchange in the early hours of September 25. Over the past ten days, Vitalik’s wallet has systematically transferred ethers to multiple centralized exchanges. Since September 15, a total of 2,421 eth worth almost $4 million have been deposited into Coinbase.
According to an on-chain data platform, ai/signal-details/vitalik-buterin-deposited-eth-to-coinbase-609″ target=”_blank” rel=”noopener”>Point on the chain, the source of the 2000 eth transaction is the address (0xD04daa65144b97F147fbc9a9B45E741dF0A28fd7) that belongs to Buterin. The platform lists 321 eth deposited on the Kraken exchange between September 15 and September 19.
Buterin also reportedly deposited a total of 1,700 eth to Bitstamp in multiple transactions on September 17 and 20, and deposited 500 eth to Paxos on September 19.
On August 21, wallet 0xd8d, tagged by the ethereum Name Service (ENS) as Vitalik.eth, was seen moving 600 eth worth $1.01 million to a Coinbase address.
ethereum price
The price of eth fell during morning trading on September 25, according to CoinMarketCap. The leading altcoin lost 1% during the day, hitting a 24-hour low of $1,570. At the time of writing, eth was trading at $1,566.
September is traditionally considered a bad month for eth, but the long-term outlook for ethereum remains optimistic.
