Ethereum founder Vitalik Buterin is once again on the move, sending hundreds of Ethereum (ETH) to a major US-based digital asset exchange.
Blockchain security firm Peckshield initially spotted the transfer and revealed that a wallet owned by Buterin shifted 200 ETH worth over $323,000 to a wallet of unknown origin.
The ETH trove was subsequently moved to crypto exchange Kraken where it could potentially be sold on the open market.
“PeckShieldAlert: vitalik.eth has transferred 200 ETH to Kraken within the last one hour.”
According to blockchain-tracking service Etherscan, Buterin paid less than $2 in fees to complete the transaction.
The Ethereum founder has been turning heads as of late amid a series of on-chain transactions.
On March 11th, Peckshield also detected activity from Buterin’s wallet after the Ethereum founder sent 500 ETH to stablecoin-focused decentralized finance (DeFi) protocol Reflexer.
The blockchain security showed that Buterin used the 500 ETH as collateral to accumulate stablecoins to the tune of 378,500 USD Coin (USDC) and 50,000 Dai (DAI).
Earlier this month, leading blockchain-monitoring firm Lookonchain spotted Buterin unloading troves of meme tokens. According to Lookonchain, Buterin sold $693,000 worth Mops (MOPS), Cult DAO (CULT) and Shikoku (SHIK), which he received as gifts.
The Ethereum co-creator has a history of getting rid of the massive amounts of tokens often gifted to his address by smaller projects.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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