Today, the chain showed the transfer of 40,000 Ethereum (ETH) to a Vitalik Buterin account.
A total of 40,000 ETH has been transferred to Vitalik Buterin
There has been a transaction on the Ethereum Blockchain showing the transfer of about 40,000 Ethereum (ETH) belonging to the renowned crypto guru and co-founder, Vitalik Buterin.
40,000 ETH were transferred from Vitalik Buterin’s multisig address 0x22…3a9d to 0xD04….8fd7 according to Etherscan. According to Etherscan, a user (Vb3) transferred 40,000 ETH from one wallet to another. According to Colin Wu’s on-chain data, the transfer occurred between the multisig address 0x22…3a9d created by Vitalik Buterin and 0xD04….8fd7.
There are 250,001 Ether in Vb3 wallet, while 64,301 Ether are in another wallet that received ETH from Vb3. At the moment, it is unclear whether Vitalik made the transaction.
The transfer, believed to have been made from a wallet created by Vitalik Buterin, comes on the heels of the FTX hacker’s earlier this week ETH dump. Since then, the price of Ethereum has recovered slightly. The price of ETH is currently $1,215.65.
Vitalik Buterin makes a large ETH transfer as the price of ETH falls.
Due to the FTX crash, Ethereum has recently experienced a significant selloff. The announcement of FTX’s bankruptcy made things even more difficult for cryptocurrency investors. The Vitalik Buterin transaction worth 40,000 Ether was seen from the sender name marked Vb 3 in Etherescan data. While ETH prices were falling, Ethereum whales took advantage of the opportunity.
The whales added more than $1 billion in ETH as the price fell following the FTX collapse. According to on-chain data, November 21 was the fifth largest single-day whale accumulation in the previous year. In addition, the whales have recently experimented with Ethereum. Last weekend, 3000 ETH worth $3.75 million were traded. Many people assumed that the sale was initiated by Vitalik Buterin, the co-founder of Ethereum.
Furthermore, the FTX hacker converted all of the assets to ETH, causing confusion about the cryptocurrency. At one point, the hacker overtakes some of the largest exchanges with over $280 million in holdings, becoming the 33rd largest Ethereum (ETH) holder.