According to Lookonchain, Ethereum co-founder Vitalik Buterin made a notable transaction today, transferring 800 ETH, valued at approximately $2.01 million, to a multi-signature wallet.
He then exchanged 190 ETH for 477,000 USDC. Buterin has previously stated that he hasn’t sold ETH for personal gain since 2018, opting instead to donate it to charitable organizations or non-profits.
According to Lookonchain, Vitalik Buterin transferred 800 ETH to a multi-signature wallet today, worth about $2.01 million, and then exchanged 190 ETH for 477,000 USDC. Vitalik said earlier that he had not sold ETH for personal gain since 2018, and almost always donated it to a…
— Wu Blockchain (@WuBlockchain) August 30, 2024
In parallel, a significant whale wallet has been making moves over the past three days, claiming 30,007 ETH, worth $78.67 million, and depositing 24,007 ETH (approximately $61 million) to Coinbase. This leaves the wallet with a balance of 6,000 ETH, valued at around $15.16 million.
A whale wallet claimed all 30,007 $ETH($78.67M) and deposited 24,007 $ETH($61M) to #Coinbase over the past 3 days, leaving 6,000 $ETH($15.16M).
Meanwhile, a new wallet withdrew 21,912 $ETH($55.32M) from #Coinbase and staked it in #Lido.
Are these two wallets related?… pic.twitter.com/epcjq9Xrpe
— Lookonchain (@lookonchain) August 30, 2024
In contrast, a new wallet withdrew 21,912 ETH, equivalent to $55.32 million, from Coinbase and subsequently staked it in Lido, a move that suggests continued confidence in Ethereum’s staking ecosystem.
Ethereum Spot ETFs Saw Notable Outflow Of $1.7 Million
Meanwhile, Ethereum spot ETFs saw a total net outflow of $1.77 million on August 29. Grayscale’s ETHE experienced a significant outflow of $5.35 million, while its mini ETF saw an inflow of $3.57 million. Despite these mixed flows, the total net asset value of Ethereum spot ETFs remains robust at $7.03 billion.
On August 29, the total net outflow of Ethereum spot ETF was $1.7714 million. Grayscale ETF ETHE outflow was $5.3456 million, and Grayscale mini ETF ETH inflow was $3.5742 million. The total net asset value of Ethereum spot ETF is $7.03 billion. https://t.co/Tvs2oCSxTg
— Wu Blockchain (@WuBlockchain) August 30, 2024
These substantial movements of ETH, particularly by key figures like Buterin and major whale wallets, are drawing attention within the market. The shifting of large amounts of ETH between wallets, exchanges, and staking platforms could have significant implications for Ethereum’s price stability and investor sentiment. As always, the actions of these influential players are closely watched, as they often signal broader trends within the crypto market.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
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