thenewscrypto.com
- Vitalik Buterin-linked wallet transfers 1,300 $ETH ($3.35M) to Paxos.
- Repeated Ethereum transactions raise speculation around Buterin’s potential motivations.
Vitalik Buterin, co-founder of Ethereum, has once again drawn attention due to recent transactions associated with a wallet suspected to be his. Buterin had previously stated on social media, “I haven’t sold and kept the proceeds since 2018. All sales have been to support various projects that I think are valuable, either within the Ethereum ecosystem or broader charity.” However, a recent transfer of 649 $ETH ($1.72 million) to Paxos, made around 20 hours ago, has ignited fresh speculation.
Wallet “0x556,” associated with @VitalikButerin, deposited the last 649 $ETH ($1.72M) to #Paxos ~20 hours ago.
— Spot On Chain (@spotonchain) September 30, 2024
Notably, on Sep 19, wallet “0x556” received 1,300 $ETH ($3.21M) from wallet “0xd04,” which got funded with 70K $ETH by Vitalik Buterin in 2022.
Over the past 11 days,… pic.twitter.com/tuRYZKGmiV
Notably, on September 19, the wallet “0x556” received 1,300 $ETH ($3.21 million) from wallet “0xd04,” which had been funded with 70,000 $ETH by Buterin in 2022. Over the past 11 days, all 1,300 $ETH was deposited to Paxos at an average price of $2,581 ($3.35 million) amid a recovery in Ethereum’s price.
Adding to the intrigue, 10 days prior, the same Buterin-linked wallet moved 1,300 $ETH, valued at $3.17 million, to another wallet. This transaction raised eyebrows as the wallet had earlier received 700 $ETH. It is possibly from a wallet linked to Buterin’s relative or friend. $ETH saw a 6% spike in value during that period.
These Consistent Transfers
Leading on-chain tracker Lookonchain reported the movement of 1,300 $ETH by wallet “0xD04d” to “0x5567.” After the transfer, 74.17 $ETH, worth around $181,000, was sent to Paxos. This was not the first time such transactions occurred—so many days ago. The same wallets exchanged 1,000 $ETH, which was later deposited to Bitstamp.
These consistent transfers have sparked discussions. Speculations about the motivations behind these moves, particularly given a previous 70,000 $ETH ($171.5 million) transfer linked to Buterin.
Meanwhile, in the past 24 hours, Ethereum’s price has dipped by 1.40% while trading volume surged 38%. Investors are watching closely as Ethereum navigates key resistance levels.