Vitalik Buterin Behind 40,000 Ethereum (ETH) Transfer?
Vitalik Buterin Ethereum Transfer News: A transaction showing transfer of 40,000 Ethereum (ETH) was seen on chain on Thursday. Interestingly, the transfer is believed to have been made from a wallet created by Vitalik Buterin. Following the dumping of ETH by the FTX hacker earlier in the week, Ethereum price has since recovered slightly. As of writing, ETH price stands at $1,195, up 2.75% in the last 24 hours, according to price tracking platform CoinMarketCap.
Also Read: XRP Lawsuit News: Hinman Docs To Be Out By This Date?
Ethereum Transfer From Address Linked To Vitalik Buterin?
In recent times, Ethereum witnessed heavy selloff due the FTX crash. The FTX bankruptcy announcement made it even more difficult for investors in the crypto market. According to Etherescan data, a transaction worth 40,000 Ether was seen from sender name marked Vb 3. In the midst of dropping ETH prices, the Ethereum whales pounced on the dip opportunity. The whales added over $1 billion worth of ETH as the price dipped following the FTX collapse. In fact, on chain data showed that November 21 marked the 5th largest single-day whale accumulation in the last year.
Also, the FTX hacker converted all the assets to ETH, due to which there was FUD around the cryptocurrency. At one point, the hacker become the 33rd largest Ethereum (ETH) holder, overtaking some of the largest exchanges with holdings worth over $280 million.
- BSC Meme Season Ends as PumpFun Surpasses Four Meme Amid $8M Inflows
- ProShares Files for Index Crypto ETF Tracking Bitcoin, Ethereum, XRP, and Solana
- Trump Says Meeting with China May Not Happen, Bitcoin Drops
- The Great Rotation? Bitcoin Rises as Gold Sees Largest Daily Drop Since 2013
- Crypto Czar David Sacks to Meet Senate Republicans In Bid To Advance Market Structure Bill
- Chainlink Price Eyes $27 Rebound as Whales Accumulate 54M LINK
- Pi Network Price Wedge Signals a Rebound as Key Upgrades Raise Utility Hopes
- Solana Price Eyes $240 Recovery as Gemini Launches SOL-Reward Credit Card
- XRP Price Prediction Amid Evernorth’s $1B XRP Treasury Plan – Can XRP Hit $5?
- Ethereum Price Targets $8K Amid John Bollinger’s ‘W’ Bottom Signal and VanEck Staked ETF Filing
- Pi Coin Price Eyes 50% Upswing As AI-Powered App Studio Update Ignites Optimism
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
