Ethereum co-founder Vitalik Buterin moves $1M of ETH to Coinbase

Buterins transaction comes as wider cryptocurrency markets remain vulnerable following a sharp correction over the weekend. Bitcoin (BTC) and ETH saw losses of 11% and 8%, respectively. Related: Vitalik disposes $700K worth of shitcoins that he never ever asked forAs Cointelegraph has previously reported, Buterin has confessed to selling portions of his ETH holdings on separate occasions over the previous five years and has also openly dumped tokens he has received in unsolicited alt coin airdrops.Magazine: Deposit risk: What do crypto exchanges really finish with your money?

The openly labeled Ethereum wallet address vitalik.eth transferred 600 ETH on Aug. 21, with the address still holding over 3,900 ETH valued at $6.5 million as per data from Etherscan.Blockchain information analysis from Lookonchain also revealed that vitalik.eth repaid 251,000 Rai Reflex Index (RAI) tokens on Maker and withdrew 1,000 ETH, worth $1,67 million, hours prior to the motion of ETH to Coinbase.vitalik.eth repaid 251K $RAI on #Maker and withdrew 1,000 $ETH($ 1.67 M) yesterday.Then deposited 600 $ETH($ 1M) to #Coinbase 5 hrs ago.https:// t.co/ pw8ekIYSs1 pic.twitter.com/rkJo42OSlq— Lookonchain (@lookonchain) August 21, 2023

Blockchain sleuths have flagged the transfer of $1 countless Ether (ETH) coming from a wallet managed by Ethereum co-founder Vitalik Buterin as cryptocurrency markets remain depressed after widespread weekend losses. #PeckShieldAlert vitalik.eth has transferred 600 $ETH (~$ 1M) to #Coinbase pic.twitter.com/XVTwLqPENM— PeckShieldAlert (@PeckShieldAlert) August 21, 2023

A number of popular blockchain information aggregators and publications shared insights into the transfer of 600 ETH to United States-based cryptocurrency exchange Coinbase. JUST IN: #Ethereum creator Vitalik Buterin transfers 600 $ETH ($ 1,000,000) to Coinbase.