Ethereum co-founder Vitalik Buterin sends $15M of USDC to Gemini

by Jeremy

Blockchain sleuths have zeroed in on a current transaction from a pockets related to Ethereum co-founder Vitalik Buterin, the place he transferred $14.9 million value of USD Coin (USDC) to the cryptocurrency trade Gemini.

In accordance with an Oct. 17 submit from blockchain analytics agency PeckShield on X, Buterin’s pockets “Vitalik.eth” transferred $14.93 million to Gemini on Oct. 16.

The transaction was independently verified by Cointelegraph on Etherscan.

Vitalik obtained the unique sum of 14.93 million USDC from Kanro, a charity affiliated with Vitalik on Oct. 14.

Separate evaluation from crypto knowledge supplier Lookonchain discovered that Buterin had additionally not too long ago transferred almost $500,000 to Coinbase three days prior.

The value of Ethereum’s native foreign money Ether (ETH) held regular following information of the switch, falling simply 0.68% previously 4 hours, based on value knowledge from Coingecko.

The value of Ether (ETH) held flat following the information of the switch. Supply: CoinGecko

Associated: Ethereum shedding streak vs. Bitcoin hits 15 months — Can ETH value reverse course?

Buterin’s most up-to-date transaction is the most recent in a spate of ETH deposits to centralized exchanges over the previous few months, with the entire transfers from Buterin’s wallets totalling greater than $3.9 million in September.

On Sept. 24, Buterin transferred 400 ETH — value $600,000 on the time — to Coinbase. Cointelegraph beforehand reported a 600 ETH ($1 million) transaction from the vitalik.eth tackle on Aug. 21, which was additionally recognized by on-chain monitoring platforms.

Journal: Are DAOs overhyped and unworkable? Classes from the entrance strains