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- Vitalik.eth, the pockets handle belonging to Vitalik Buterin, transferred 100 ETH to Coinbase.
- Buterin’s newest ETH transaction occurred within the early hours of at present, November 1, 2023.
- Buterin beforehand acknowledged that he had not bought any ETH tokens for private profit since 2018.
“Vitalik.eth”, the Ethereum pockets handle belonging to Vitalik Buterin, Ethereum’s co-founder, was noticed transferring 100 ETH, price $181,000, to the Coinbase crypto trade. In accordance with the famend Chinese language crypto reporter Colin Wu, the transaction occurred within the early hours of at present, November 1, 2023.
Whereas posting the data on X (previously Twitter), Wu famous that Buterin beforehand acknowledged that he had not bought any ETH tokens for private profit since 2018. All he had performed was donate ETH to charity, non-profit organizations, or different tasks.
Buterin’s latest ETH switch to Coinbase has raised curiosity amongst many customers, probably elevating questions on whether or not the Ethereum CEO intends to promote a part of his ETH holdings.
“Attention-grabbing to see Vitalik transferring ETH, particularly since he stated he hadn’t bought ETH for private profit since 2018. Surprise what he’s as much as“, stated one person.
One other person who responded to Wu’s submit suspected that Buterin’s intention this time is to not donate to charity. In accordance with the respondent, if the Ethereum founder wished to donate, he may have transferred ETH throughout the blockchain, the identical means he did with meme cash like SHIB in 2021.
There was no additional info on Buterin’s intention for making the ETH switch as of the time of writing, nor was there any report of additional exercise on the transferred ETH tokens. ETH’s value additionally continued in a sideways consolidation that began after it reached an area excessive of $1,865 on October 26, in response to knowledge from TradingView.
ETH traded for $1,808 on the time of writing as customers await the following vital transfer for the flagship altcoin. Ethereum’s newest surge occurred within the final two weeks when the worth moved from $1,542 to $1,865, gaining 20% worth within the course of.
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