Vitalik Buterin's $15M USDC Transfer To Gemini After $500K Coinbase Transaction Raises Eyebrows
Portfolio Pulse from Mehab Qureshi
Ethereum co-founder Vitalik Buterin has transferred approximately $14.9 million worth of USD Coin (USDC) to cryptocurrency exchange Gemini. This follows a $500,000 transfer to Coinbase just three days prior. In September, the total transferred amount from Buterin’s wallets surpassed $3.9 million. The transactions have raised eyebrows among blockchain analysts.
October 17, 2023 | 6:57 am
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NEUTRAL IMPACT
Ethereum co-founder Vitalik Buterin's large transfers of USDC to Gemini and Coinbase could potentially impact the price of Ethereum.
While the transfers are significant, it's unclear how they will directly impact the price of Ethereum. However, such large movements of funds can sometimes cause speculation and volatility in the market.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100
NEUTRAL IMPACT
The large transfer of USDC by Ethereum co-founder Vitalik Buterin could potentially impact the price of USDC.
While the transfers are significant, it's unclear how they will directly impact the price of USDC. However, such large movements of funds can sometimes cause speculation and volatility in the market.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100