Vitalik Buterin Transfers 400 Ethereum to Coinbase

A wallet linked to Vitalik Buterin deposited around 400 ETH on Coinbase a couple of hours ago. At the press time price of $1579.46, the value of the transferred Ether summed up to $631,840. The exact reason behind the latest transfer remained unknown. According to on-chain data from Etherscan, the “Vb 2” wallet transferred ETH to another address, which subsequently transferred the ETH to Coinbase. Chinese journalist Colin Wu pointed out that in the past 7 days, the Ethereum Co-Founder transferred 300 ETH to Kraken, and 200 ETH was converted to USDC.

Source: Etherscan

Also Read: Ethereum Drops to 14 Month Low Against Bitcoin: Dominance Dips to 18%

At press time, the wallet had a balance of 0.00021 ETH, worth a meager $0.34. Apart from Ether, this address had no other token holding. Contrarily, the address labeled “Vb 2” had more than 201 tokens in possession, worth $191,210, while the Ethereum balance stood over $2.7 million. Around a month ago, the ETH co-founder indulged in another ETH transfer. At that time, he transferred 600 ETH worth $1 million [at the time of transfer] to Coinbase.

Source: Etherscan

Also Read: 97.5% of New Bitcoin Investors Are at a Loss

Building on Ethereum is the Key: Buterin

At the moment, one of the biggest challenges for Buterin and the Ethereum community is to ensure that Ethereum actually provides value to people. Several members of the community, including Big Four accounting firm Ernst & Young’s Global Blockchain Leader, Paul Brody, continue to be optimistic about this network. In fact, in a recent interview with CNBC, the Ethereum co-founder asserted that the on-chain experience ought to be “actually good” for regular people to use. Buterin added,

“The way that I see the Ethereum ecosystem in general is that the last decade was the decade of kind of playing around and getting Ethereum right. This decade is the decade where we have to actually build things that people use.

Source: Ledger Insights

Also Read: Bitcoin ROI ‘Close’ to Tesla, Nvidia

  • COINBASE
  • ETH
  • ethereum
  • Vitalik Buterin

Comments

Post a Comment

Popular posts from this blog

Ripple Analysts Predict XRP Surge to $0.66 as Volume Skyrockets

Image
With Ripple celebrating a year anniversary of a critical ruling in its ongoing legal battle with the US Securities and Exchange Commission (SEC), analysts predict XRP to surge to $0.66 as the tokens’ volume skyrockets. Moreover, investment interest has also surged, only strengthening the forecasts. XRP has surged above the $0.52 level following a 25% increase over the last seven days, according to CoinMarketCap. Additionally, the crypto has seen transactions increase to as much as $2.55 million, despite reversing to its current $1.6 million level. Still, there is reason to be optimistic for the token’s performance. Source – CryptoTicker Also Read: Ripple: Will XRP Skyrocket to $3.81 By 2030? XRP Could Continue Surging Far Above $0.6 Level, Analyst Says In a post to X (formerly Twitter), crypto analyst Dark Defender predicted that Ripple (XRP) could surge to the $0.66 level as its volume skyrockets. Indeed, the analyst noted that the crypto broke resistance at the $0.46 level. Moreover,
Read more

Cardano: ADA To Pump At $10, Analyst Predicts

Image
Cardano, one of the domain’s notable crypto tokens, is yet to experience the bullish onset of the market that its contemporaries are currently basking in. Moreover, the token has long been trading between $0.40 and $0.47, drawing significant speculation on when its price will skyrocket. The ADA ecosystem is looking forward to the Chang Hard Fork update, which is poised to introduce noteworthy changes in Cardano’s infrastructure and order. With the hard fork timeline drawing in hard and fast, several crypto analysts are also busy predicting new price thresholds for ADA and speculating on Cardano’s future price levels.  Also Read: Analyst Predicts Timeline For Cardano’s ( ADA ) Bullish Price Breakout Chang Hard Fork Could Help ADA Surge To $10 Source: Reddit Cardano’s slow price pace has been a serious topic of contention within the crypto community. With the Chang Hard Fork upgrade in the mix, several analysts are banking on ADA ’s meteoric price rise post-fork deployment,
Read more

Setup for High-Quality Altcoins Looking Increasingly Favorable As Global Liquidity Gears Up for Expansion: Jamie Coutts

Image
Real Vision analyst Jamie Coutts thinks high-quality altcoins could be primed for price surges as global liquidity ramps up. Coutts tells his 18,600 followers on the social media platform X that the market looks close to washed out, global liquidity is about to turn higher and the risk/reward picture looks “increasingly favorable” for high-quality altcoins. “Top 200 Equal Weight vs. market cap weight ratio at extreme bearish levels. Currently, it’s -2.8 standard deviations ~ a bearish extreme that only hit on three previous occasions. • 2021: During a bull market that proved to be an excellent re-up for the cycle. • 2022: prematurely, but close to the cycle lows when the market was 70% down. • 2023: Near the SEC-catalyzed capitulation lows, Alts decisively broke higher four months later. Despite a small sample size, this breadth measure hints at upcoming cyclical bottoms and mid-cycle entries. Current data parallels 2021’s mid-cycle slump, not 2022/23’s end.”
Read more