Crypto Blog
Ethereum co-founder Vitalik Buterin has once again transferred a large amount of ETH, sparking fresh discussions within the crypto community.from Lookonchain, Buterin moved 800 ETH with an estimated value of $2.01 million to a multisig wallet. Shortly after, 190 ETH from this wallet was swapped for 477,000 USDC, a stablecoin pegged to the U.S. dollar.This transaction follows a larger transfer Buterin made on August 9, where he shifted 3,000 ETH, worth about $8.04 million, to the same wallet.
At the time, Executive Director Aya Miyaguchi responded to the growing concerns by clarifying that the large transfer was part of the Foundation’s treasury management. The funds, she explained, were necessary to cover operational expenses, including paying grants and salaries, some of which require fiat currency payments.that about 90% of his net wealth is in ETH. He also stated that he draws almost $140,000 as a monthly salary from the Ethereum Foundation.
At the time of writing, ETH was priced at $2,526, having spent the last 24 hours oscillating between $2,503 and $2,593. Its current level is a slight 0.8% drop on its position from one day ago and a 5.7% dip across the week.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vitalik Buterin transfers hundreds of Ethereum; ETH struggles under $3,000Vitalik Buterin, co-creator of Ethereum, the largest altcoin in the crypto ecosystem, moved ETH to a crypto mixer, early on Monday.
Read more »
Vitalik Buterin Gives Elon Musk Important AdviceVitalik Buterin joins Elon Musk in quite unusual conversation
Read more »
Vitalik Buterin's Unexpected 'Ethereum Bullpost' Has Silver LiningVitalik Buterin's pro-ETH post has some silver lining you could have missed
Read more »
Vitalik Buterin Breaks Silence with Ethereum Bull Post and Sparks Price PumpEthereum price skyrockets as Vitalik Buterin delivers epic bull post, literally
Read more »
Vitalik Buterin says Ethereum has gotten stronger for this reasonEthereum has gotten stronger: * Under $0.01 txfees on L2 * Two EVM L2s (Optimism arbitrum) now at stage 1 * Cross-L2 wallet UX has improved a lot (eg.
Read more »
Vitalik Buterin Shares Crucial Message on L2 SecurityHere's how L2 transactions are safe, according to Ethereum founder
Read more »