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Is Vitalik Buterin Selling His Coins?

Yesterday afternoon, 200 ETH from Ethereum founder Vitalik Buterin's crypto wallet found their way to the Kraken crypto exchange.

By Mike Hesp
• 1 min read
Is Vitalik Buterin Selling His Coins?

Yesterday afternoon, 200 ETH from Ethereum founder Vitalik Buterin's crypto wallet made its way to the Kraken crypto exchange. This appears to be the second sale in a week.

Ethereum founder Vitalik Buterin sent 200 ETH from his official wallet named vitalik.eth to an address on the Kraken exchange. This comes from on-chain data. The move points to a sale. The sent coins are worth about $330,000.

The week before, Buterin had already sold altcoins worth $700,000. That would put his total revenue at a little over $1 million. His transactions have been closely watched in recent days.

As PeckShield data shows, Buterin bought USDC multiple times when it briefly lost its peg to the dollar. A purchase that seems to have paid off. USDC is back at one US dollar.

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