Ethereum, the world’s second-largest cryptocurrency by market cap, has been making headlines lately for its ongoing connection with its creator, Vitalik Buterin. Buterin has been a key figure in the blockchain world since he founded Ethereum in 2014. Its impact on the direction of the project cannot be ignored. As a result, any news about Buterin and Ethereum creates excitement among traders. This article will cover the latest news about Buterin’s wallet transfers and rumors circulating about his potential plans to sell a significant portion of his ETH holdings. Here are the details…
Vitalik Buterin looks like he sold ETH
His connection with Ethereum creator Vitalik Buterin is creating a stir in the cryptocurrency world. Recently, there has been movement at an address regarding the inventor of the leading altcoin. It turned out that thousands of Ethereums were transferred to the wallet address known as Buterin. Lookonchain, a blockchain data and analytics platform, reported on May 10 that a Buterin-affiliated wallet address known as “0xD04d” transferred 3,500 ETH worth $6.56 million to another address named “0x9e92” in the last transfer tranche. The report also revealed that the wallet has transferred a total of 17,800 ETH since December 2022. This amount corresponds to approximately 33 million dollars.
The address "0xD04d" (funded by Vb3) related to @VitalikButerin transferred 3,500 $ETH ($6.56M) to address "0x9e92" again 4 hrs ago.
Vitalik Buterin transferred a total of 17,800 $ETH ($33M) to address "0x9e92" since Dec 30, 2022. 👀https://t.co/LRrcqoxUhf pic.twitter.com/lNh3BwmsT3
— Lookonchain (@lookonchain) May 10, 2023
The news led to rumors that Buterin may be planning to sell a significant portion of his ETH holdings, which could have a huge impact on the market. However, there has been no official confirmation from Buterin or the Ethereum Foundation that this is the case. Also, even if Buterin will sell some of his ETH, it is unclear how much impact this will have on the market.
Meme sold coins
As we reported on Kriptokoin.com, the Ethereum Foundation and Buterin moved more than 15,000 ETH to Kraken a few days ago. This has raised concerns in the crypto community that a collapse in ETH prices and meme coins may be imminent. Buterin had sold most of the “shitcoins” in his wallet, such as MOPS, CULT, and SHIK, in March. This move was criticized by the crypto community, who argued that the sell-off affected low-value projects and their investors.
Buterin is a very important person in the cryptocurrency space.
Buterin has been a key figure in the blockchain world since he founded Ethereum in 2014. The impact on the direction of the project is significant. Any news about Buterin and Ethereum tends to generate excitement among traders. Overall, the situation remains unclear. It is unclear what Buterin’s intentions regarding ETH assets are. However, the market will no doubt closely monitor any developments regarding the Ethereum co-founder and wallet transfers.
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