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Ethereum News

Vitalik Sent Another 400 ETH To CEX, Total Of 2,421 In Past 10 Days

The Ethereum co-founder also converted 200 ETH into UCDC a couple of days ago.

Written By:
Gopal Solanky

Last updated: February 12, 2024 4:40 AM
Published September 25, 2023 10:49 AM
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Last updated: February 12, 2024 4:40 AM
Published September 25, 2023 10:49 AM

Vitalik Buterin sent another 400 ETH to crypto exchange Coinbase on September 25, with the total CEX transfer reaching 2,421 ETH over the past 10 days.

The Ethereum co-founder previously transferred 300 ETH to Kraken while now sending 400 ETH, or approximately $630,000, to Coinbase in the latest transaction on September 25. 

Vitalik Buterin Address - Etherscan
Vitalik Buterin Address – Etherscan

Several onchain analysts noted Vitalik’s latest transaction to the Coinbase exchange of 400 ETH and also claimed he has converted 200 ETH into USDC as well within the past 7 days.

According to Spot On Chain, Vitalik has now sent a total of 2,421 ETH to multiple centralized exchanges since September 15.

🚨 @VitalikButerin deposited 400 $ETH to #Coinbase at $1,579 ($632K) 2hrs ago.

Notably, Ethereum’s co-founder has deposited a total of 2,421 $ETH to multiple CEXs at 1,628 on average ($3.94M) via two addresses over the past 10 days.

👉 More details: https://t.co/tiJwn0omkk… https://t.co/C3BqRmsUau pic.twitter.com/8v1jmadwaM

— Spot On Chain (@spotonchain) September 25, 2023

Spot On Chain also outlined that Vitalik deposited a total of 1700 ETH to Bitsmamp with several transactions on September 17 and September 20 while depositing 500 ETH to Paxos on September 19.

Amid the bearish market momentum, Vitalik’s moves are closely watched by the whole crypto community. ETH is currently down over 4% in the past 7 days, according to data from Coinmarketcap.

Also Read: Ethereum Dencun Upgrade Might Be Delayed To Next Year

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:CoinbaseEthereum (ETH)
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Gopal Solanky - Crypto Research Analyst at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Research Analyst and Reporter with over 5 years of experience in DeFi, blockchain, crypto, IT, and financial markets. With a Bachelor's in Computer Applications, he brings a strong technical foundation to his analysis and reporting. Gopal focuses on breaking down complex topics for both seasoned investors and curious readers. His work has been referenced by publications like Business Insider and Vulture.com, highlighting his contributions to industry stories around topics like Huwak Tuah Memecoin and the FTX collapse.

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