Ethereum co-founder Vitalik Buterin's wallet has been involved in a series of high-profile transactions throughout September 2023, amounting to over $3.9 million, according to blockchain analytics platform Spot On Chain.
On Monday, Buterin's wallet transferred 400 ETH, equivalent to $0.63 million, to Coinbase (NASDAQ:COIN). This transaction is part of a spate of ETH deposits to centralized exchanges over the past ten days, with an estimated total of 2,421 ETH valued at $3.94 million deposited since September 15.
Earlier in the month, between September 15 and September 19, deposits amounting to 321 ETH worth $527,000 were made to Kraken. Further transactions included a total of 1,700 ETH ($1.95 million) deposited to Bitstamp on September 17 and September 20, while 500 ETH was deposited to Paxos on September 19.
The data also revealed a transfer of 2,000 ETH ($4.9 million) from another wallet long associated with Buterin to the address conducting these transactions. Spot On Chain identified the source of this transaction as a "better-known address" belonging to Buterin.
In addition to these recent activities, Buterin's address has been busy over the past month with several significant transfers. A month ago, a substantial transfer of 600 ETH from the “Vitalik.eth” address to Coinbase was reported by CoinCu. Within that same period, his wallet executed other noteworthy moves including a transfer of 3,000 ETH worth approximately $4.95 million to another chain's address labeled “Vb 2.”
Furthermore, this wallet sold 500 MKR for 350 ETH and initiated transfers of substantial sums including a recent transfer of $3.12 million worth of ETH to an exchange. The wallet activity spans various cryptocurrency exchanges, including Bitstamp, Kraken, and Coinbase, with millions of dollars in ETH involved.
It's worth noting that this isn't the only wallet associated with Buterin. Another wallet linked to him holds a substantial balance of 37,000 ETH and has seen significant activity over the past year, with deposits totaling $7.49 million into Bitstamp and $3.3 million into Paxos.
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