Vitalik Buterin Behind 40,000 Ethereum (ETH) Transfer?

Vitalik Buterin Ethereum Transfer News: A transaction showing transfer of 40,000 Ethereum (ETH) was seen on chain on Thursday. Interestingly, the transfer is believed to have been made from a wallet created by Vitalik Buterin. Following the dumping of ETH by the FTX hacker earlier in the week, Ethereum price has since recovered slightly. As of writing, ETH price stands at $1,195, up 2.75% in the last 24 hours, according to price tracking platform CoinMarketCap.

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Ethereum Transfer From Address Linked To Vitalik Buterin?

In recent times, Ethereum witnessed heavy selloff due the FTX crash. The FTX bankruptcy announcement made it even more difficult for investors in the crypto market. According to Etherescan data, a transaction worth 40,000 Ether was seen from sender name marked Vb 3. In the midst of dropping ETH prices, the Ethereum whales pounced on the dip opportunity. The whales added over $1 billion worth of ETH as the price dipped following the FTX collapse. In fact, on chain data showed that November 21 marked the 5th largest single-day whale accumulation in the last year.

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Also, the FTX hacker converted all the assets to ETH, due to which there was FUD around the cryptocurrency. At one point, the hacker become the 33rd largest Ethereum (ETH) holder, overtaking some of the largest exchanges with holdings worth over $280 million.

Anvesh reports major developments around crypto adoption and trading opportunities. Having been associated with the industry since 2016, he is now a strong advocate of decentralized technologies. Anvesh is currently based in India. Follow Anvesh on Twitter at @AnveshReddyBTC and reach him out at [email protected]

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