Cryptocurrency
Ethereum: Fears Vitalik Buterin Selling 90K ETH as $25M Hits Exchanges
As Cointelegraph reports, “Ethereum (ETH) co-founder Vitalik Buterin became the center of attention on Christmas Day amid fears he plans to sell $25 million of the cryptocurrency. “Records from monitoring resource Etherscan showed a total of 92,000 ETH (currently worth $11.5 million) move from a single wallet to U.S. exchange Kraken on Dec. 25. “As noted by blockchain […]
As Cointelegraph reports, “Ethereum (ETH) co-founder Vitalik Buterin became the center of attention on Christmas Day amid fears he plans to sell $25 million of the cryptocurrency.
“Records from monitoring resource Etherscan showed a total of 92,000 ETH (currently worth $11.5 million) move from a single wallet to U.S. exchange Kraken on Dec. 25.
“As noted by blockchain analytics service ViewBase, the wallet contained over 300,000 ETH before the transaction and received most of its content from Buterin several years previously.
“’The whale is likely an ETH dev or VB himself,’ it summarized in accompanying comments.
“The transaction formed one of three major movements to exchanges which triggered in quick succession. Huobi gained an extra 99,987 ETH, while another 25,908 ETH went to Binance.
“The total value of the three transactions is $25.5 million. Responding to ViewBase, commentators immediately raised concerns that Buterin or an associated investor was planning a major sell-off…”