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

Blockchain sleuths have actually zeroed in on a current deal from a wallet associated with Ethereum co-founder Vitalik Buterin, where he transferred $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 transaction was separately validated by Cointelegraph on Etherscan.

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The rate of Ethereums native currency, Ether (ETH), held constant following news of the transfer, falling simply 0.68% in the past four hours, according to price information from CoinGecko.The cost of Ether (ETH) held flat following the news of the transfer. Source: CoinGeckoRelated: Ethereum losing streak vs. Bitcoin hits 15 months– Can ETH cost reverse course?Buterins newest deal is the most current in a spate of ETH deposits to centralized exchanges over the previous few months, with the total transfers from Buterins wallets totaling more than $3.9 million in September.On Sept. 24, Buterin moved 400 ETH– worth $600,000 at the time– to Coinbase. Cointelegraph formerly reported a 600-ETH ($ 1 million) deal from the vitalik.eth address on Aug. 21, which was also recognized by on-chain monitoring platforms.Magazine: Are DAOs overhyped and impracticable? Lessons from the front lines

Buterin received the initial amount of 14.93 million USDC from Kanro, a charity connected with Buterin on Oct. 14. Separate analysis from crypto data supplier Lookonchain discovered that Buterin had actually likewise just recently moved almost $500,000 to Coinbase 3 days prior.vitalik.eth received 14.93 M $USDC from #Kanro 4 days ago and then deposited it into #Gemini yesterday before the first rise of $BTC. #Vitalik likewise deposited 500K $USDC into #Coinbase 2 days ago.What did he finish with the $USDC?https:// t.co/ o3u5JjjapUhttps:// t.co/ Z69WG0xuNP pic.twitter.com/dwTt7tzHp8— Lookonchain (@lookonchain) October 17, 2023