Vitalik Buterin recently transferred 600 ETH, worth $1 million, to an exchange in mid-August. Since September 17th, Buterin has sent 3,700 ETH, worth $6.12 million, to Coinbase, Bitstamp, and Paxos. The co-founder of Ethereum, Vitalik Buterin, made news again when he transferred 100 ETH to Coinbase. Your investment portfolio is green, right? View the ETH profit calculator. At the time of writing, Buterin’s latest ETH transfer amounted to $180,500. ETH is currently trading at $1,805, an increase of nearly 18% in two weeks. Butlin token The money transfer always creates buzz, and this time is no exception. A crypto enthusiast on Twitter speculated that Buterin may be using this money to hold RATIO tokens. A few hours ago, Vitalik Buterin sent 100 $ETH ($181K) to #coinbase $1810. Let me break this down for you: 1. Coinbase will definitely have an IPO with this ratio. 2. Vitalik Buterin will win with this ratio. Utilize this token reserve money. You’re still asleep with the ratio, right? NGMI pic.twitter.com/hPza83Dfwx – CryptoDoc ❤️ Memecoin (@Cry3ptoDoc) November 1, 2023 This is not the first time the Ethereum co-founder has transferred to Coinbase. In mid-August, Buterin sent 600 ETH worth $1 million to the exchange. For Coinbase, it faces regulatory scrutiny in the U.S. from the Securities and Exchange Commission (SEC). In early June, the regulatory agency filed a lawsuit against the exchange for alleged securities law violations. It currently trades on Nasdaq at $76.62. So far, Buterin has deposited 3,700 ETH worth $6.12 million to Coinbase, Bitstamp, and Paxos since September 17th. Is the money transfer only for donations? Although we don’t know the exact reason behind the recent transfer, it is possible that Buterin is selling off. However, it is also possible that he is transferring solely for the purpose of selling once. Butlin states Last month, he stated that he has not sold any of his ETH holdings for personal gain since 2018. “I mostly donate to some charities, non-profits, or programs, and the recipients would sell because they have bills to pay.” Read Ethereum (ETH) price predictions for 2023-24 In April 2022, Buterin donated $5 million worth of ETH for humanitarian aid to Ukraine. .@VitalikButerin contributed almost $2.5 million in $ETH to @_AidForUkraine 2 days ago without saying a word!He also donated $2.5 million to @Unchainfund. Many thanks for Vitalik’s amazing help and for creating @Ethereum! The #Ethereum Community is 💙💛 pic.twitter.com/HuvDcTM40e – Aid for Ukraine 🇺🇦 (@_AidForUkraine) April 6, 2022 It will be interesting to see if the latest ETH transfers have any impact on the cryptocurrency market during this bullish period.
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