Ethereum founder Vitalik Buterin moved 40 thousand ETH to a new address.
After the second transfer to Buterin’s address, which had 320 thousand ETH last year, 250 thousand ETH remains.
Vitalik Buterin Moves His Assets
Vitalik Buterin last transferred 30,000 ETH in May 2022.
The 40,000 ETH sent the other day was transferred to the address where 30,000 ETH was sent in May. This address currently holds 64,000 ETH.
The address where the funds are transferred currently has 64,000 ETH. Another address of Buterin is 2,700 ETH. 3,000 ETH assets at the same address were also recently converted to 4 million USDC. This process was carried out about two weeks ahead.
There has been speculation about Buterin as the transfers coincided with the collapse of FTX. Some social media users believe Buterin is worried that the price will drop.
Buterin achieved the title of billionaire last year when Bitcoin made ATH. However, with the market crisis, Buterin’s assets have fallen to a quarter of that.
ETH is trading at $1,189 at the time of writing, according to CoinMarketCap data.
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