- Vitalik Buterin transferred 600 ETH price $1 million to the change in mid-August as properly.
- Buterin has deposited 3,700 ETH price $6.12 million to Coinbase, Bitstamp, Paxos since 17 September.
Ethereum [ETH] co-founder Vitalik Buterin was once more within the information as he transferred 100 ETH tokens to the Coinbase [COIN] change.
Supply: Etherscan
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Given ETH’s value on the time of writing, Buterin’s newest ETH switch stood at $180,500. At press time, ETH was buying and selling at $1,805—an increase of practically 18% over a fortnight.
Supply: ETH/USD, TradingView
Since Buterin’s token transfers have at all times generated plenty of noise, it was no totally different this time too.
A crypto fanatic on X speculated that Buterin may use these funds to carry RATIO tokens.
hours in the past, Vitalik Buterin deposited 100 $ETH ($181K) to #coinbase at $1810.
Let me breakdown what this implies for you:1. Coinbase is definitely itemizing $RATIO after launch
2. Vitalik Buterin will bag maintain $RATIO with these deposited funds.
Are you continue to sleeping on $RATIO?
NGMI pic.twitter.com/hPza83Dfwx
— CryptoDoc ❤️ Memecoin (@Cry3ptoDoc) November 1, 2023
This isn’t the primary time the Ethereum co-founder has made a switch to Coinbase. In mid-August, Buterin transferred 600 ETH price $1 million to the change.
As for Coinbase, it was going through regulatory scrutiny within the US by the hands of the Securities and Trade Fee (SEC). In early June, the regulator sued the change for allegedly violating securities legal guidelines. On Nasdaq, it was buying and selling at $76.62.
Supply: COIN, Nasdaq
To date, Buterin has deposited 3,700 ETH price $6.12 million to Coinbase, Bitstamp, and Paxos since 17 September.
Supply: Spotonchain
Transfers just for donations?
Whereas we’re but to know the precise cause behind the newest switch, there’s a chance of Buterin committing to a different selloff. However, there may be once more the opportunity of him making the switch for a single-time sale solely.
Buterin claimed final month that he hasn’t bought any of his ETH holdings for private achieve since 2018.
“It’s virtually at all times me donating to some charity or nonprofit or different venture, and the recipient promoting as a result of, properly, they must cowl bills.”
Learn Ethereum’s [ETH] Price Prediction 2023-24
In April 2022, Buterin donated $5 million in ETH donations as humanitarian assist to Ukraine.
.@VitalikButerin donated virtually $2.5M in $ETH to @_AidForUkraine 2 days in the past, and did not say a phrase! He is additionally donated $2.5M to @Unchainfund.
Thanks in your monumental assist, Vitalik, and thanks for creating @ethereum! The #Ethereum neighborhood is 💙💛 pic.twitter.com/HuvDcTM40e
— Assist For Ukraine 🇺🇦 (@_AidForUkraine) April 6, 2022
Will probably be attention-grabbing to look at if the newest ETH switch has any implications for the crypto market amid a bull run.
