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Home Ethereum News

Ethereum Co-Founder, Vitalik Buterin Transfers 1M$ Worth Of ETH To Coinbase

Hania by Hania
August 21, 2023
in Ethereum News, Crypto Exchanges
Reading Time: 1 min read
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Ethereum Co-Founder, Vitalik Buterin Transfers 1M$ Worth Of ETH To Coinbase
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Table Of Content:

  • Vitalik Buterin Escapes The Ethereum Price Drop Saga
  • The Value Of Ethereum And Where It Stands In The Market

Vitalik Buterin has taken to move his Ethereum to the Coinbase exchange platform after the Ethereum price recently plunges into the mud.

Vitalik Buterin Escapes The Ethereum Price Drop Saga

Blockchain sleuths have noted that Viterin transferred up to 1M$ worth of Ether that belonged to Vitalik Buterin. This happened shortly after the price of Ethereum went plummeting down last week after the market capitalization went down by 6%. The Ethereum wallet is said to have moved 600 ETH on August 21st.

Lookonchain also made it clear that vitalik.eth has just finished paying off 250,000 RAI tokens on Maker and withdrew 1000 ETH  worth 1.67 million. The move of the 600 ETH sparked a lot of discussion on social media. The loss is speculated to be what has made Buterin take such an action.

vitalik.eth repaid 251K $RAI on #Maker and withdrew 1,000 $ETH($1.67M) yesterday.

Then deposited 600 $ETH($1M) to #Coinbase 5 hrs ago.https://t.co/pw8ekIYSs1 pic.twitter.com/rkJo42OSlq

— Lookonchain (@lookonchain) August 21, 2023

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The Value Of Ethereum And Where It Stands In The Market

Ethereum Co-Founder, Vitalik Buterin Transfers 1M$ Worth Of ETH To Coinbase

At the time of writing, the price of Ethereum is at $1673.29 and has a market capitalization of 201.5 billion dollars. The trading volume at the time is 4.77B dollars and is currently ranked number 2.

Ethereum saw a major loss last week with one of the Whales dumping a large amount of Ether enabling it to avoid a large loss of 5$ million.

Tags: crypto exchangecrypto newsCryptocurrencies
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Hania

Hania

Hania is a 30-year-old blogger who used to be a teacher before entering the world of writing. She is originally from India and has been writing blogs on various topics for 2 years now. Hania is particularly interested in exploring the intersections of finance, technology, and cryptocurrency. Her experience as a teacher has given her unique insights into the ways in which digital media can be used to facilitate learning and engagement. Through her writing, Hania hopes to share her knowledge and learning of crypto industry with everyone.

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