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

    2023.10.17 | exchangesranking | 1057onlookers

    Blockchain sleuths have zeroed in on a recent transaction 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, Buterin’s wallet, “vitalik.eth,” transferred $14.93 million to Gemini on Oct. 16.

    The transaction was independently verified by Cointelegraph on Etherscan.

    Buterin received the original sum of 14.93 million USDC from Kanro, a charity affiliated with Buterin on Oct. 14.

    Separate analysis from crypto data provider Lookonchain found that Buterin had also recently transferred nearly $500,000 to Coinbase three days prior.

    The price of Ethereum’s native currency, Ether (ETH), held steady following news of the transfer, falling just 0.68% in the past four hours, according to price data from CoinGecko.

    The price of Ether (ETH) held flat following the news of the transfer. Source: CoinGecko

    Related: Ethereum losing streak vs. Bitcoin hits 15 months — Can ETH price reverse course?

    Buterin’s most recent transaction is the latest in a spate of ETH deposits to centralized exchanges over the past few months, with the total transfers from Buterin’s wallets totaling more than $3.9 million in September.

    On Sept. 24, Buterin transferred 400 ETH — worth $600,000 at the time — to Coinbase. Cointelegraph previously reported a 600-ETH ($1 million) transaction from the vitalik.eth address on Aug. 21, which was also identified by on-chain monitoring platforms.

    Magazine: Are DAOs overhyped and unworkable? Lessons from the front lines

    The content on this website comes from the Internet. Due to the inconvenience of proofreading the authenticity and accuracy of the copyright or content of some content, it may be temporarily impossible to confirm the authenticity and accuracy of the copyright or content. For copyright issues or other ssues caused by this, please Call or email this site. It will be deleted or changed immediately after verification.