Coinspeaker
Ethereum Creator Vitalik Buterin Has Deposited $1 Million Worth of ETH in a Coinbase Address
Ethereum co-founder Vitalik Buterin has moved 600 Ether (ETH), about $1 million, to a Coinbase wallet, according to data from Etherscan.
The move is interesting because, over the last few days, the value of ETH has fallen by nearly 10%. As of writing time, ETH is trading at $1,674, according to CoinMarketCap data. Also, trading volume over the last 24 hours is $4.5 billion, or 2.7 million ETH. At the moment, no one is sure why Buterin moved the ETH. There are also no details on the owner of the wallet. In addition, the Ethereum creator has not explained the move.
Buterin’s ETH transfer could likely spur some market action because of his person, and the mere fact that he moved the assets. While the crypto market is still struggling through uncertain times, a move like this, especially following a 10% plunge over the last seven days, may not augur well.
Already, crypto analyst Ali
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