Cryptocurrency News

Vitalik wallet sends 400 ETH worth $600K to Coinbase

[ad_1]

Blockchain sleuths have flagged a number of ETH transactions from a wallet associated to Ethereum co-founder Vitalik Buterin in September 2023 totalling over $3.9 million.

Seperate blockchain monitoring profiles shared details of a 400 ETH transaction worth an estimated $632,000 from Vitalik’s wallet to Coinbase on Sept. 25.

According to Spot On Chain, Buterin’s most recent transaction is the latest in a spate of ETH deposits to centralized exchanges over the past 10 days. The blockchain analytics platform estimates that Buterin has deposited an estimated 2,421 ETH valued at $3.94 million from Sept. 15 onwards.

The platform outlined deposits amounting to 321 ETH worth $527,000 deposited to Kraken between Sept. 15 and Sept. 19. Buterin also reportedly deposited a total of 1,700 ETH ($1.95 million) to Bitstamp in a number of transactions on Sept. 17 and Sept. 20, while 500 ETH was deposited to Paxos on Sept. 19.

Cointelegraph has independently verified a number of these transactions using exclusive access to Nansen 2 beta’s wallet profiler. Blockchain data also highlights a transfer of 2,000 ETH worth $4.9 million to the address that has been carrying out these transactions from another wallet long associated with the Ethereum co-founder.

Nansen 2 wallet profiler highlighting a 3000 ETH transaction between wallets associated with Ethereum co-founder Vitalik Buterin.

According to Spot On Chain, the source of the 2,000 ETH transaction is a “better-known address” (0xD04daa65144b97F147fbc9a9B45E741dF0A28fd7) belonging to Buterin than the middle address (0x5567A4bE2D5b77F5Fd870f99Ed9167Feab8831B1) that has been transferring funds to exchanges.

Cointelegraph previously reported a $1 million, 600 ETH transaction from the vitalik.eth address on Aug. 21 that was also identified by on-chain monitoring platforms. 

Magazine: Recursive inscriptions: Bitcoin ‘supercomputer’ and BTC DeFi coming soon