- 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.
–
The information provided in this article is for informational purposes only and should not be considered financial advice. The article does not offer sufficient information to make investment decisions, nor does it constitute an offer, recommendation, or solicitation to buy or sell any financial instrument. The content is opinion of the author and does not reflect any view or suggestion or any kind of advise from cryptonewsbytes.com. The author declares he does not hold any of the above mentioned tokens or received any incentive from the company.
