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Legendary programmer Vitalik Buterin, co-founder of the second largest blockchain platform Ethereum, has made another ETH transfer. According to a recent post on
Buterin continues moving ETH to Bitstamp and Coinbase
Buterin has been moving ETH to exchanges from his address quite frequently recently and speculation is increasing about the purpose of these transfers. This time, he moved 1,000 ETH (worth about $1.64 million) to the exchange. Overall, according to the same source, in the last two months, the Ethereum co-founder and leader has sent 4,400 ETH (more than $7 million in fiat money) to Bitstamp.
As U.Today reported, about two weeks ago, according to the same blockchain detective Lookonchain, Buterin transferred approximately 400 ETH to the major American exchange Coinbase; back then it was worth about $1 million. A month earlier, according to the aforementioned source, Buterin sent 600 ETH to the same destination with the intention of selling those coins.
Every time I moved Ethereum to exchanges, it had no particular effect on the price of the asset.
Huge 110,000 ETH withdrawn from exchanges
As reported by on-chain data aggregator Santiment two days ago, unknown whales transferred a whopping 110,000 ETH worth approximately $181 million in fiat money from centralized exchanges.
That was the largest Ethereum withdrawal from CEXs since September 21. The total Ethereum supply held by exchanges is now at the lowest level in over 5.5 years, while the non-exchange ETH supply has reached an all-time high of 115.88 million ETH, according to data from Santiment.
After Thursday’s big red candle that pushed ETH down 1.66%, by now the second-largest cryptocurrency has managed to recover this loss, rising back to the $1,639 price mark. This is where he is changing hands at the time of writing.
