Ethereum co-founder Vitalik Buterin sends $15M of USDC to Gemini

Blockchain sleuths have zeroed in on a current deal from a wallet related to Ethereum co-founder Vitalik Buterin, where he moved $14.9 million worth of USD Coin (USDC) to the cryptocurrency exchange Gemini.According to an Oct. 17 post from blockchain analytics firm PeckShield on X, Buterins wallet “Vitalik.eth” transferred $14.93 million to Gemini on Oct. 16. The deal was individually confirmed by Cointelegraph on Etherscan. #PeckShieldAlert #vitalik. eth haas moved ~ 15M $USDC (Multisig Contract 0xf207 … D5a3) to #Gemini pic.twitter.com/6FZGKLKg9Z— PeckShieldAlert (@PeckShieldAlert) October 17, 2023

Vitalik got the original sum of 14.93 million USDC from Kanro, a charity connected with Vitalik on Oct. 14. Separate analysis from crypto information provider Lookonchain found that Buterin had also just recently transferred nearly $500,000 to Coinbase three days prior.

The rate of Ethereums native currency Ether (ETH) held consistent following news of the transfer, falling simply 0.68% in the past four hours, according to rate data from Coingecko. Source: CoinGeckoRelated: Ethereum losing streak vs. Bitcoin hits 15 months– Can ETH cost reverse course?Buterins most recent transaction is the most current in a spate of ETH deposits to central exchanges over the previous couple of months, with the total transfers from Buterins wallets amounting to more than $3.9 million in September. On Sept. 24, Buterin transferred 400 ETH– worth $600,000 at the time– to Coinbase.