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 Read: FTX Sam Bankman-Fried Live Updates: BitGo Has Recovered $740 M From The Failed Cryptocurrency Exchange FTX So Far

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.

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Anvesh Reddy

Anvesh reports major crypto updates around U.S. regulation and market moving trends. Published over 1400 articles so far on crypto and blockchain. A proud dropout of University of Massachusetts, Lowell. Can be reached at [email protected] or x.com/BitcoinReddy or linkedin.com/in/anveshreddybtc/

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