In a notable crypto transaction, a wallet linked with Vitalik Buterin, the co-founder of Ethereum ($ETH), sold around 190 $ETH worth $2.28 million a few hours ago. As per the stats shared by Lookonchain, an on-chain analytical firm, the wallet holder sold 190 $ETH for 441,971 $USDC. As mentioned in the post, this transaction follows a series in which the wallet has sold Ethereum ($ETH).
A wallet related to vitalik.eth(@VitalikButerin) sold 190 $ETH for 441,971 $USDC again 20 minutes ago!The wallet received 3,800 $ETH($9.8M) from #Vitalik and has sold 950 $ETH($2.28M) at an average price of $2,396 since Aug 30.https://t.co/K6i8Wr8vZ3 pic.twitter.com/GgHvs3gxft
— Lookonchain (@lookonchain) September 11, 2024
The wallet (****7203B2) previously received 3,800 $ETH worth $9.8M from Vitalik Buterin and sold in different segments after that. Since August 30, 2024, this wallet sold around 950 $ETH till today at the average price of $2,396. This series of transactions has sparked much speculation in the crypto market regarding Ethereum’s next move.
Multiple $ETH Transaction, Highlight Vitalik Buterin in Headlines
This series of $ETH transactions has sparked much speculation in the market about the reasons and possible effects on the $ETH price value and overall crypto market. Some possible reasons behind this series of transactions might be the diversification of crypto assets as the wallet sold $ETH for $USDC.
Secondly, this wallet is planning to fund new projects or initiatives and might this be part of tax planning strategies. However, the reasons behind these transactions remain unclear because Vitalik Butering has not commented on this series of transactions. Whatever the reason could be, these $ETH transactions have highlighted Vitalik Buterin as the wallet is tied to him.
Market Impact of These Transactions
Crypto enthusiasts are closely observing the crypto market and Vitalik Buterin’s moves in the Ethereum ecosystem. It is expected that these transactions may trigger the price value of Ethereum ($ETH) and market shift in the coming time.
