Ethereum co-founder Vitalik Buterin moves $1M of ETH to Coinbase

Blockchain sleuths person flagged the transportation of $1 cardinal of ETH belonging to a wallet controlled by Ethereum (ETH) co-founder Vitalik Buterin arsenic cryptocurrency markets stay depressed aft wide play losses.

#PeckShieldAlert vitalik.eth has transferred 600 $ETH (~$1M) to #Coinbase pic.twitter.com/XVTwLqPENM

— PeckShieldAlert (@PeckShieldAlert) August 21, 2023

The publically labeled Ethereum wallet code vitalik.eth transferred 600 ETH connected Aug. 21, with the code inactive holding implicit 3,900 ETH valued astatine $6.5 cardinal arsenic per information from Etherscan.

Blockchain information investigation from Lookonchain besides revealed that vitalik.eth repaid 251,000 RAI tokens connected Maker and withdrew 1,000 ETH, worthy $1,67 million, hours earlier the question of ETH to Coinbase.

— Lookonchain (@lookonchain) August 21, 2023

A fig of salient blockchain information aggregators and publications shared insights into the transportation of 600 ETH to United States-based cryptocurrency speech Coinbase. The determination caused a disturbance connected societal media successful the hours aft the transfer, with speculation astir the transaction rife. 

JUST IN: #Ethereum laminitis Vitalik Buterin transfers 600 $ETH ($1,000,000) to Coinbase.

— Watcher.Guru (@WatcherGuru) August 21, 2023

Buterin's transaction comes arsenic wider cryptocurrency markets stay fragile travel a crisp correction implicit the weekend. Bitcoin and Ethereum saw losses of 11% and 8% respectively. 

Related: Vitalik dumps $700K worthy of shitcoins that helium ne'er asked for

As Cointelegraph has antecedently reported, Buterin has admitted to selling portions of his ETH holdings connected abstracted occasions over the past 5 years and has besides publically dumped tokens helium has received in unsolicited alt coin airdrops.

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