According to recent data, a wallet associated with Ethereum cofounder Vitalik Buterin has made another large Ethereum transfer.
Latest Transfer
The wallet identified as '0xD04d' transferred 1,300 ETH, valued at approximately $3.17 million, to wallet '0x5567' just an hour ago. Following the transfer, the recipient wallet deposited 74.17 ETH, worth $181,000, into Paxos.
Transfer History
This movement is reminiscent of a previous transaction, where 1,000 ETH, worth approximately $2.45 million, were transferred from wallet '0xD04d' to wallet '0x5567' 348 days ago. On that occasion, the 1,000 ETH were later deposited to Bitstamp, an old major crypto exchange.
Community Reaction
The Ethereum community has frequently questioned the reasons behind such sales by Vitalik Buterin, especially during periods of ETH price increases. While Buterin fosters excitement about Ethereum's future, he simultaneously reduces his holdings of the token.
Thus, discussions continue about the reasons behind the renowned crypto visionary's actions and their potential implications for the Ethereum community.
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