The crypto community has taken notice of a recent purchase utilizing a wallet connected to Ethereum co-founder Vitalik Buterin. Buterin’s wallet finished off the 190 ETH transaction, turning the tokens into USDC value of $441,971. This activity—which forms part of a string of transactions in the past few weeks—showcases ongoing movement in Buterin’s crypto assets.
More Activity Starting in August
According to blockchain analytical company Lookonchain, Buterin’s wallet has been quite active lately from August’s end. August 30 brought 3,800 ETH, worth around $9.8 million. Buterin sold about 950 ETH throughout this same period; his average selling price is $2,399 per ETH. The sales figure, almost $2.28 million, shows consistent, notable ETH movements from the wallet.
A wallet related to vitalik.eth(@VitalikButerin) sold 190 $ETH for 441,971 $USDC again 20 minutes ago!
— Lookonchain (@lookonchain) September 11, 2024
The wallet received 3,800 $ETH($9.8M) from #Vitalik and has sold 950 $ETH($2.28M) at an average price of $2,396 since Aug 30.https://t.co/K6i8Wr8vZ3 pic.twitter.com/GgHvs3gxft
Buterin’s 190 ETH sale today, however, shows that this tendency is still going strong. Especially the most recent one worth $441,971, these ETH transactions show continuous wallet activity. This sale tracks past trends and shows regular large ETH conversions to USDC.
Vitalik Buterin Reportedly Transferred About 40K ETHMore Major Transactions
Apart from the 190 ETH sale today, Buterin’s wallet shows other notable movements. The same wallet received 3,000 ETH, valued roughly $8.04 million on August 31. This significant transfer highlights even more the extent of Ethereum ownership shifted lately by Buterin.
Blockchain watchers have become fascinated by these regular big transfers, particularly considering the wallet’s rising activity during the last few weeks. Every action, including today’s sale, gives the already busy account fresh layers and makes it a topic of continuous attention.
Price Reflects Market Slowness
At press time, Ethereum’s market price is $2,315.27 among various exchanges. The value of the coin dropped 1.41% over the past 24 hours. Ethereum has dropped 3.15% over the previous week, trading daily with over $13 billion. These market swings provide a background for Ethereum’s present trading dynamics in line with the significant transactions from Buterin’s wallet.
