Blockchain sleuths have zeroed in on a recent transaction from a wallet linked to Ethereum co-founder Vitalik Buterin, who moved $14.9 million worth of U.S. Dollar Coin (USDC) to cryptocurrency exchange Gemini.
According to a post on X by blockchain analysis company PeckShield on October 17, Buterin’s wallet “Vitalik.eth” transferred $14.93 million to Gemini on October 16.
this trade Independently verified by Cointelegraph on Etherscan.
#PeckShieldAlert #vitalik.eth has been transferred about 15M $USDC (Multi-signature contract 0xf207…D5a3) to #gemini pic.twitter.com/6FZGKLKg9Z
— PeckShieldAlert (@PeckShieldAlert) October 17, 2023
Vitalik received On October 14, Kanro, a charity affiliated with Vitalik, donated 14.93 million USDC.
Separate analysis by crypto data provider Lookonchain found that Buterin also recently transferred nearly $500,000 to Coinbase three days ago.
Vitalik.eth received 14.93M $USDC from #honeydew 4 days ago then deposit #gemini Yesterday before the first surge Bitcoin USD.#vitalik Still have 500K saved $USDC Enter #Coinbase 2 days ago.
What did he do with $USDC?https://t.co/o3u5JjjapUhttps://t.co/Z69WG0xuNP pic.twitter.com/dwTt7tzHp8
— Lookonchain (@lookonchain) October 17, 2023
The price of ether’s native currency, ether (ETH), remained stable following news of the transfer, falling just 0.68% in the past four hours, according to price data from Coingecko.
related: Ethereum and Bitcoin have been falling for 15 months in a row – can the price of Ethereum be reversed?
Buterin’s recent transaction is the latest in a large number of ETH deposits to centralized exchanges over the past few months, with the total amount transferred from Buterin’s wallet in September exceeding $3.9 million.
On September 24, Buterin transferred 400 ETH (worth $600,000 at the time) to Coinbase. Cointelegraph previously reported that on August 21, there was a 600 ETH ($1 million) transaction from the vitalik.eth address, which was also identified by the on-chain monitoring platform.
Magazine: Are DAOs overhyped and not working?Lessons from the front line
Svlook
