Ethereum Co-Founder Vitalik Buterin Transfers $6M Worth Of ETH In A Month — What's Happening?
Portfolio Pulse from Mehab Qureshi
Ethereum co-founder Vitalik Buterin has transferred approximately $6 million worth of ETH in the past month. The latest transaction involved 3,000 ETH, equivalent to around $4.9 million, to a labeled address. The reasons behind the transfer and the recipient's identity are undisclosed. This follows Buterin's recent transfer of 600 ETH, valued at approximately $1 million, to the crypto exchange platform Coinbase.
August 29, 2023 | 4:37 am
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Ethereum co-founder Vitalik Buterin has transferred a significant amount of ETH in the past month. The reasons behind these transfers are undisclosed, which could lead to speculation and potential volatility in the price of ETH.
Large transfers of a cryptocurrency by a prominent figure like Vitalik Buterin can often lead to speculation and potential volatility in the price of the cryptocurrency. However, without clear information on the reasons behind these transfers, it's difficult to predict the exact impact on the price of ETH.
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