Ethereum gas fees have continued to rise recently, and the activity on the chain has picked up significantly. The on-chain monitoring account earlier pointed out that the wallet associated with Buterin deposited the last 649 ETH (approximately US$1.72 million) into Paxos about 20 hours ago. In addition, 68,558 ETH was found to be transferred to Coinbase today, suspected of being shipped. (Preliminary summary: Buterin announced that he would no longer call for L2 "unless the governance is decentralized" and denied that he was dumping 190 ETH: someone else did it) (Background supplement: No one uses Ethereum? Gas fell below 1Gwei in a row, even Solana , the transaction volume on the TRON chain is low) In mid-August, the median gas fee of Ethereum once fell to 0.6 Gwei, hitting the lowest point in five years. However, after entering September, as the price of ETH currency rose, There is a clear recovery trend. Dune Analytics data shows that the median gas fee of Ethereum reached a peak of 60 Gwei last Friday, an increase of more than 100 times from the five-year low. At the moment of writing, the latest average gas fee data from the ethgas.app website continues to remain in the 10~40 Gwei range, showing a jump in activity on the Ethereum chain, and the community is paying attention to changes in the ETH market. Extended reading: Ethereum gas fees hit a five-year low, analysts: Foreshadowing a strong rebound in ETH. ETH gas fees have been trending for the past six months. Source: Dune Analytics @hildobby Vitalik The associated wallet deposited 649 ETH into Paxos. It is worth noting that the on-chain monitoring account Spot On Chain tweeted earlier today (30th) that Ethereum co-founder "V God" Vitalik Buterin The associated wallet "0x556" deposited the last 649 ETH (about 1.72 million US dollars) into the Paxos platform about 20 hours ago. Previously on September 19, wallet “0x556” received 1,300 ETH (approximately $3.21 million) from wallet “0xd04”, and Vitalik Buterin transferred 70,000 ETH to the “0xd04” wallet in 2022. Over the past 11 days, as ETH prices recovered, wallet “0x556” deposited all 1,300 ETH into Paxos at an average price of $2,581 (approximately $3.35 million). The community speculates that V God, known as the master of escape from the top, transferred a large amount of ETH to Paxos and may be shipping again. Vitalik has recently been widely criticized in the community for frequently selling large amounts of Ethereum. Extended reading: Buterin has been dumping goods in 3 years 8.50,000 ETH were bombarded! Vitalik shouted "never profitable": fully funded Web3 and charity, Ethereum whale intends to sell goods? In addition, according to Whale Alert monitoring, as the ETH market recovers, Ethereum whales have been making frequent moves recently. Today, multiple whales have carried out large-scale ETH transfers. Up to 68,558 ETH were observed to be transferred to Coinbase, with a current value of more than $180 million. 43,331 ETH (113,093,768 USD) transferred to Coinbase Institutional 12,625 ETH (32,965,547 USD) transferred to Coinbase 12,602 ETH (33,608,159 USD) transferred to Coinbase ETH insisted on holding the $2,600 mark. In terms of currency price, it once reached 2,728 last Saturday. USD ETH hit a low of $2,600 earlier today, down nearly 4.7% during the period, and was temporarily trading at $2,632 at the time of writing, down 1.5% in the past 24 hours. Source: OKX Related reports Ethereum’s power has been shuffled three times in the past 10 years due to the “mid-life crisis”, and now it is trying to bid farewell to the Vitalik era with a winning rate of 90%! Ethereum band whale has won eight consecutive games, making a huge profit of more than 3.4 million U.S. dollars. Ethereum has exceeded 2,600. "The whale dumped 15,000 coins." What are the short-term negative effects of ETH? 〈V God joins forces with Giant Whale to dump ETH! Ethereum Gas Fees Soar, Holding at $2,600> This article was first published in BlockTempo "Dong District Dong Trend - the most influential blockchain news media".