Ethereum (ETH) Co-Founder Vitalik Buterin has transferred 9,300 ETH to an anonymous whale wallet in the last 20 days.
Vitalik Buterin has transferred nearly $12 million worth of cryptocurrencies to an anonymous whale wallet in the past 20 days. The gratuitous activity immediately caught the attention of the crypto community.
Vitalik Buterin Transferred $12 Billion Between Wallets
LookOnChain According to analysis by whale address 0x9e92, which received 9,300 ETH in the last 20 days, collected ETH from a wallet believed to belong to Buterin. The address used to send funds ends in “0xd04d” and most likely belongs to Buterin as he only receives funds from Vb3 wallet.
After receiving the funds, the whale has a total of 170,913 ETH worth approximately $260 million. Practically speaking, this makes it one of the largest cryptocurrency holders in the market. The history of the transaction shows no activity that would lead it to be thought that the whale was actually tied to a particular exchange or functioning as an OTC (non-exchange) desk.
vitalik.eth( @VitalikButerin) transferred 9,300 $ETH($11.16M) to whale "0x9e92" in the past 20 days.
Address "0xd04d" is probably belong to @VitalikButerin, all 70,000 $ETH received from Vb3.
And whale "0x9e92" holds 170,913 $ETH($259M) now.https://t.co/LRrcqoxUhf pic.twitter.com/khCkecv2TN
— Lookonchain (@lookonchain) January 19, 2023
Transactions by Buterin often led to an increase in Ethereum’s market volatility. Because both institutional and retail investors often follow the accounts of crypto influencers, projects and developers.