Ethereum founder Vitalik Buterin is once again on the move, sending hundreds of Ethereum (ETH) to a major US-based digital asset exchange.
Blockchain security firm Peckshield initially spotted the transfer and revealed that a wallet owned by Buterin shifted 200 ETH worth over $323,000 to a wallet of unknown origin.
The ETH trove was subsequently moved to crypto exchange Kraken where it could potentially be sold on the open market.
“PeckShieldAlert: vitalik.eth has transferred 200 ETH to Kraken within the last one hour.”
According to blockchain-tracking service Etherscan, Buterin paid less than $2 in fees to complete the transaction.
The Ethereum founder has been turning heads as of late amid a series of on-chain transactions.
On March 11th, Peckshield also detected activity from Buterin’s wallet after the Ethereum founder sent 500 ETH to stablecoin-focused decentralized finance (DeFi) protocol Reflexer.
Earlier this month, leading blockchain-monitoring firm Lookonchain spotted Buterin unloading troves of meme tokens. According to Lookonchain, Buterin sold $693,000 worth Mops (MOPS), Cult DAO (CULT) and Shikoku (SHIK), which he received as gifts.
The Ethereum co-creator has a history of getting rid of the massive amounts of tokens often gifted to his address by smaller projects.
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