Ethereum co-founder Vitalik Buterin moves $1M of ETH to Coinbase - Best Web 3.0 Crypto Projects.
Ethereum co-founder Vitalik Buterin moves $1M of ETH to Coinbase

Web 3.0, AI in Media and Ethereumco Co-founder Vitalik Buterin

Cryptocurrency markets were depressed after weekend losses, and blockchain sleuths noticed the transfer of $1 million of Ether (ETH) from a wallet controlled by Ethereumco co-founder Vitalik Buterin. Data from Etherscan revealed that the publicly labeled Ethereum wallet address vitalik.eth still held over 3,900 ETH valued at $6.5 million.

Lookonchain’s blockchain data analysis additionally showed that vitalik.eth had repaid 251,000 Rai Reflex Index (RAI) tokens on Maker and withdrawn 1,000 ETH, worth $1,67 million, before transferring 600 ETH to Coinbase. This transaction created a stir on social media, with many speculating about the transfer.

Cryptocurrency Markets and Vitalik Buterin’s Transactions

Cryptocurrency markets have experienced a sharp correction over the weekend, causing Bitcoin (BTC) and Ethereum (ETH) to drop by 11% and 8% respectively.

Vitalik Buterin, the co-founder of Ethereum, has admitted to selling portions of his ETH holdings in the past five years, as well as publicly dumping tokens he has received in unsolicited alt coin airdrops.

This article is available as an NFT, which is a way to preserve this moment in history and support independent journalism in the crypto space.

The development of Web 3.0 technology and its associated crypto coins, such as Fetch.AI, is a major part of the blockchain and cryptocurrency space. AI for media and article writing is another area of growth, and finding the best Web 3.0 crypto projects and coins is an important step for investors.

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