Ethereum co-founder Buterin moved 600 ETH to Coinbase

Crypto.information – Within the early morning of Aug. 21, (ETH) co-founder Vitalik Buterin despatched 600 ETH, equal to over $1 million, to a Coinbase (NASDAQ:) deposit tackle.

Whereas some might ask themselves if this means Buterin leaping ship, a deeper look into his wallets exhibits this isn’t true.

This switch in the direction of Coinbase follows a transaction processed two days earlier that elevated his ETH steadiness by 1,000 ETH. It signifies that regardless of his switch to Coinbase, his Ethereum holdings nonetheless elevated in comparison with simply a few days earlier.

The selection of alternate is unsurprising, on condition that knowledge clearly exhibits he prefers Coinbase over different exchanges.

Furthermore, Buterin’s publicly-known wallets at the moment maintain a complete of over 248,000 ETH — a quantity that elevated by almost 713 ETH in comparison with the start of August regardless of the worth of these holdings falling.

His Ethereum holdings are additionally value almost $415 million, whereas the second most respected asset on these wallets is Maker (MKR), value solely $544,000 or about $0.131 of his ETH holdings.

In conclusion, whereas Buterin has moved a major quantity of ETH to Coinbase with the possible intention to promote it for fiat, this quantity pales in comparison with his whole Ethereum publicity.

This text was initially revealed on Crypto.information