The crypto community has noticed a new transaction involving a wallet linked to Ethereum co-founder Vitalik Buterin. His wallet recently completed a 190 ETH sale, converting the tokens into USDC, valued at $441,971. This sale is part of a series of notable transactions from Buterin’s wallet, reflecting ongoing movements in his cryptocurrency assets over the past few weeks.
Also Read: Vitalik Buterin Explains Ethereum Layer 2 Security and Defends Ecosystem Progress
Increased Wallet Activity Since August
Blockchain analyst Lookonchain revealed that Buterin’s wallet has been particularly active since late August. On August 30, the wallet received 3,800 ETH worth approximately $9.8 million. Following this, Buterin sold about 950 ETH, with an average selling price of $2,399 per token. This sales period has resulted in a total of roughly $2.28 million. These consistent ETH movements underscore a pattern of significant crypto activity from Buterin’s wallet.
The most recent transaction, involving the sale of 190 ETH converted into $441,971 worth of USDC, reinforces the trend of Buterin’s asset movements and continues a series of large ETH conversions to stablecoins, reflecting a long-standing strategy.
Advertisement
Consistent ETH Conversions
The lack of continued activity from Buterin is not noticeable, and the latest transaction seems to align with frequent large transactions involving ETH. It shows a clear trend towards swapping a lot of ETH for USDC concerning operations with the wallet. These transactions, with the latest $441,971 sale, suggest continuous attention and participation in managing significant cryptocurrency assets.
In conclusion, Vitalik Buterin’s wallet remains active and in the spotlight because it constantly moves large amounts of ETH. The recent sale indicates that he continues to convert ETH into stablecoins as a method, which has been on a steady uptrend in performing substantial crypto dealings.
Also Read: Fidelity Takes the Crown in Ethereum ETF Inflows as Grayscale Reports Cutbacks
Maxwell Mutuma
Maxwell is a crypto-economic analyst and Blockchain enthusiast, passionate about helping people understand the potential of decentralized technology. He writes extensively on topics such as blockchain, cryptocurrency, tokens, and more for top publications such as Coingape, Coin Edition, and The Coin Republic. His goal is to spread knowledge about this revolutionary technology and its implications for economic freedom and social good.