Despite this high-profile transaction, the price of Ethereum's native currency, Ether, has remained relatively stable, falling only 0.68% over the past four hours, according to CoinGecko price data.
The Ethereum Foundation shed light on the recent $15 million Coin transaction involving Ethereum co-founder Vitalik Buterin, which attracted the attention of various blockchain tracking platforms.
On October 16, Buterin's wallet known as "vitalik.eth" was said to have transferred $14.93 million to the Gemini crypto exchange, blockchain analysis firm PeckShield reported on October 17.
However, a spokesperson from the Ethereum Foundation explained to Cointelegraph that the transfer was simply Buterin's transfer signature from a charity multi-signature wallet by the Ethereum Name Service (ENS). Contrary to appearances, the funds never actually left Buterin's wallet.
The original $14.93 million USDC amount came from Kanro, a charity affiliated with Buterin, on October 14. Buterin then allowed the same amount to be transferred to a new multi-signature wallet. Kanro, a Buterin-funded biotech charity, is focused on addressing Covid and other pandemic-related issues.
Additionally, crypto data provider Lookonchain also revealed that Buterin transferred approximately $500,000 to Coinbase three days before the Gemini transaction.
Despite this high-profile transaction, the price of Ethereum's native currency, Ether, has remained relatively stable, falling only 0.68% over the past four hours, according to CoinGecko price data.
Buterin's latest transaction is part of a series of transfers over the past few months, totaling more than $3.9 million in September alone. On September 24, he transferred 400 ETH, worth $600,000 at the time, to Coinbase. Before this, on August 21, a transaction of 600 ETH worth $ 1 million was detected by on-chain monitoring platforms from vitalik.eth.
In summary, it turns out that the last $15 million transaction involving Vitalik Buterin was a transfer from a charity multi-signature wallet and not an actual withdrawal from Buterin's wallet.
However, it has attracted the attention of various blockchain tracking platforms, adding to Buterin's high-value transaction history in recent months.
