Vitalik wallet sends 400 ETH worth $600K to Coinbase

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Vitalik wallet sends 400 ETH worth $600K to Coinbase
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Blockchain analytics highlights a number of ETH transfers from wallets linked to Ethereum co-founder Vitalik Buterin, totalling $3.9M over past 10 days.

According to Spot On Chain, Buterin’s most recent transaction is the latest in a spate of ETH deposits to centralized exchanges over the past 10 days. The blockchain analytics platform estimates that Buterin has deposited an estimated 2,421 ETH valued at $3.94 million from Sept. 15 onwards.

The platform outlined deposits amounting to 321 ETH worth $527,000 deposited to Kraken between Sept. 15 and Sept. 19. Buterin also reportedly deposited a total of 1,700 ETH to Bitstamp in a number of transactions on Sept. 17 and Sept. 20, while 500 ETH was deposited to Paxos on Sept. 19. Cointelegraph has independently verified a number of these transactions using exclusive access to Nansen 2 beta’s wallet profiler. Blockchain data also highlights a transfer of 2,000 ETH worth $4.9 million to the address that has been carrying out these transactions from another wallet long associated with the Ethereum co-founder.

Nansen 2 wallet profiler highlighting a 3000 ETH transaction between wallets associated with Ethereum co-founder Vitalik Buterin. According to Spot On Chain, the source of the 2,000 ETH transaction is a “better-known address” belonging to Buterin than the middle address that has been transferring funds to exchanges.

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