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.

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