- Vitalik Buterin made another sale of 400 ETH tokens to Coinbase.
- In the past 10 days, he made a total transaction of around $3.94 million.
Vitalik Buterin is the co-founder of the second biggest cryptocurrency, Ethereum. So, data shows a lot of trading activity on the Ethereum co-founder’s wallet.
Vitalik Buterin Sales $600k Worth of Ethereum
- According to new data from an on-chain monitoring platform, Ethereum co-founder Vitalik Buterin continues to withdraw large amounts of the token. So, in the month of September alone, he made a withdrawal of more than $3.9 million in Ethereum tokens to centralized exchanges.
- Whenever someone sends their token in large amounts to centralized exchanges, they aren’t doing so to keep them. So, this is because most people are aware that exchanges aren’t a long crypto storage spot. Vitalik Buterin transferring large amounts of Ethereum tokens to centralized exchanges is for sale. So, the most recent transaction is the transfer of $600k worth of Ethereum.
- This transaction was on Monday when he made a transfer of 400 ETH, equivalent to $0.63 million, to Coinbase. So, the total estimate of this recent transaction is around $632,000. It is not the only transaction from Buterin in recent days.
Vitalik Buterin Ethereum Transactions Surpasses $3.94 Million in 10 Days
- According to data from the on-chain monitoring platform Spotonchain, the Ethereum co-founder has made a series of transactions to CEXs in 10 days. So, from September 15th, this influential personality in the crypto industry has made a total transfer worth more than $3.94 million. Going into detail, there are around 2,421 ETH in all these transactions to centralized exchanges within this period.
- As said, there were other deposits from Vitalik Buterin. Between September 15 and 19, he made some Ethereum deposits of up to 321 ETH. So, this had a total worth of $527,000 when he was making the transaction to Kraken. Within September 17 and 20, this Ethereum co-founder made another deposit to Bitstamp involving 1,700 ETH. So, the total worth of these tokens when he made the transaction was around $1.95 million. Then, there was another transaction of around 500 ETH to Paxos on September 19th.
More Details About These Transactions
- There’s a lot of activity going on with the wallets belonging to Vitalik Buterin over the past month. So, there was a transfer of 2,000 ETH ($4.9 million) from another wallet long associated with Buterin to the address conducting these transactions.
- As reported by our platform, there was even a time when he made a trade of 500 MKR tokens. So, he sold these tokens for 350 ETH tokens.
Conclusion
There’s a lot of trading activity in the wallet of the Ethereum co-founder Vitalik Buterin within September. So, in the past 10 days, he made transactions of about $3.94 million. This is quite concerning as most of the transactions are about him selling out.
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