- Vitalik Buterin transferred 600 ETH worth $1 million to the exchange in mid-August as well.
- Buterin has deposited 3,700 ETH worth $6.12 million to Coinbase, Bitstamp, Paxos since 17 September.
Ethereum [ETH] co-founder Vitalik Buterin was again in the news as he transferred 100 ETH tokens to the Coinbase [COIN] exchange.
Source: Etherscan
Is your portfolio green? Check out the ETH Profit Calculator
Given ETH’s price at the time of writing, Buterin’s latest ETH transfer stood at $180,500. At press time, ETH was trading at $1,805—a rise of nearly 18% over a fortnight.
Source: ETH/USD, TradingView
Since Buterin’s token transfers have always generated a lot of noise, it was no different this time too.
A crypto enthusiast on X speculated that Buterin might use these funds to hold RATIO tokens.
hours ago, Vitalik Buterin deposited 100 $ETH ($181K) to #coinbase at $1810.
Let me breakdown what this means for you:1. Coinbase is surely listing $RATIO after launch
2. Vitalik Buterin will bag hold $RATIO with these deposited funds.
Are you still sleeping on $RATIO?
NGMI pic.twitter.com/hPza83Dfwx
— CryptoDoc ❤️ Memecoin (@Cry3ptoDoc) November 1, 2023
This isn’t the first time the Ethereum co-founder has made a transfer to Coinbase. In mid-August, Buterin transferred 600 ETH worth $1 million to the exchange.
As for Coinbase, it was facing regulatory scrutiny in the US at the hands of the Securities and Exchange Commission (SEC). In early June, the regulator sued the exchange for allegedly violating securities laws. On Nasdaq, it was trading at $76.62.
Source: COIN, Nasdaq
So far, Buterin has deposited 3,700 ETH worth $6.12 million to Coinbase, Bitstamp, and Paxos since 17 September.
Source: Spotonchain
Transfers only for donations?
While we are yet to know the exact reason behind the latest transfer, there is a possibility of Buterin committing to another selloff. But, there is again the possibility of him making the transfer for a single-time sale only.
Buterin claimed last month that he hasn’t sold any of his ETH holdings for personal gain since 2018.
“It’s almost always me donating to some charity or nonprofit or other project, and the recipient selling because, well, they have to cover expenses.”
Read Ethereum’s [ETH] Price Prediction 2023-24
In April 2022, Buterin donated $5 million in ETH donations as humanitarian aid to Ukraine.
.@VitalikButerin donated almost $2.5M in $ETH to @_AidForUkraine 2 days ago, and didn’t say a word! He’s also donated $2.5M to @Unchainfund.
Thanks for your enormous help, Vitalik, and thank you for creating @ethereum! The #Ethereum community is 💙💛 pic.twitter.com/HuvDcTM40e
— Aid For Ukraine 🇺🇦 (@_AidForUkraine) April 6, 2022
It will be interesting to observe if the latest ETH transfer has any implications for the crypto market amid a bull run.
generic clomiphene online cost of generic clomid cost generic clomiphene without insurance how can i get generic clomid without dr prescription where to get generic clomid price cost clomid prices can i buy generic clomiphene
With thanks. Loads of expertise!
This is the kind of scribble literary works I in fact appreciate.
azithromycin 500mg drug – buy tinidazole 300mg generic buy generic metronidazole 200mg
generic semaglutide 14mg – buy generic cyproheptadine buy periactin 4 mg generic
order generic inderal 20mg – brand methotrexate order generic methotrexate
buy amoxicillin generic – how to get diovan without a prescription buy combivent generic
zithromax usa – buy zithromax 500mg pill cost nebivolol
generic augmentin – atbioinfo.com cost acillin
order nexium 40mg generic – https://anexamate.com/ buy generic esomeprazole over the counter
oral coumadin – anticoagulant buy cozaar 50mg generic
meloxicam 15mg pill – tenderness order meloxicam 15mg
order deltasone generic – https://apreplson.com/ prednisone without prescription
low cost ed pills – fastedtotake.com herbal ed pills
buy cheap amoxicillin – buy amoxicillin tablets amoxicillin canada
buy diflucan for sale – https://gpdifluca.com/ buy diflucan 100mg generic
cialis available in walgreens over counter?? – on this site cialis 100mg review
buy ranitidine no prescription – https://aranitidine.com/ how to buy ranitidine
cialis purchase – strong tadafl cialis from mexico
I’ll certainly carry back to review more. https://gnolvade.com/
buy cialis and viagra – https://strongvpls.com/# 100 mg generic viagra
I’ll certainly carry back to read more. click
This is a topic which is in to my callousness… Myriad thanks! Unerringly where can I notice the connection details in the course of questions? purchase neurontin generic