On September 24, 2023, a wallet associated with Ethereum co-founder Vitalik Buterin sent 400 ETH, worth about $600,000, to Coinbase.

The transaction was first detected by Ethereum's transaction tracker, Etherscan. The wallet that sent the funds has an address that has been previously traced to Buterin.

It is unclear why Buterin sent the funds to Coinbase. He may be selling the ETHs for profit, or he may be depositing them into his account for use in future transactions.

The transaction is a reminder that even the wealthiest people in cryptocurrencies are still subject to market forces. Buterin is one of the wealthiest investors in cryptocurrencies.

According to account X @spotonchain: Vitalik Buterin has recently made a deposit and has made several deposits through two addresses in the last 10 days.
Vitalik Buterin has transferred another 2,000 $ETH ($3.12M) from address 0xD04 to 0x556 9hrs ago.
The Nansen 2 wallet profiler highlights a 3000 ETH transaction between wallets associated with Ethereum co-founder Vitalik Buterin. Source: Nansen and Cointelegraph

Do you have any idea why Ethereum's founder is moving the money? Let us know in the comments below. ↙️↘️

#Ethereum #ETH $ETH