Vitalik Buterin Transfers $14.9 Million in USD Coin to Cryptocurrency Exchange Gemini

Blockchain sleuths have identified a recent transaction from a wallet belonging to Ethereum co-founder Vitalik Buterin, where he moved $14.9 million worth of USD Coin (USDC) to the cryptocurrency exchange Gemini.

According to an Oct. 17 entry from blockchain analytics firm PeckShield on X, Buterin’s wallet “Vitalik.eth” transferred $14.93 million to Gemini on Oct. 16.

Cointelegraph confirmed the transaction on Etherscan.

Vitalik received the sum of 14.93 million USDC from Kanro, a charity related to Vitalik on Oct. 14.

This move is part of the ongoing development of Web 3.0 blockchain market, which is expected to bring a new wave of crypto coins list and blockchain projects in 2022. Coinbase, one of the most popular and secure exchanges, is already embracing Web 3.0 and blockchain technology, and many other blockchain projects in 2021 are striving to become part of the Web 3.0 blockchain.

Vitalik Buterin’s Recent Ethereum Transfers

Lookonchain’s separate analysis revealed that Vitalik Buterin had recently transferred almost $500,000 to Coinbase three days before. Despite the news, the price of Ethereum’s Ether (ETH) stayed stable, only dropping 0.68% in the past four hours, according to Coingecko.

Buterin’s latest transaction is one of many ETH deposits to centralized exchanges in the past few months, with a total of more than $3.9 million transferred from his wallets in September. On September 24, Vitalik sent 400 ETH (valued at $600,000 at the time) to Coinbase. Previously, Cointelegraph reported a 600 ETH ($1 million) transaction from the vitalik.eth address on August 21, which was identified by on-chain monitoring platforms.

The development of Web 3.0 blockchain projects and crypto coins list is rapidly progressing, and the Coinbase platform is at the forefront of this movement. Web 3.0 blockchain technology is becoming increasingly popular, and Coinbase is taking full advantage of this trend. The company is leveraging its position to become a leader in the Web 3.0 and blockchain space, and Vitalik Buterin’s recent transfers are a testament to this.

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