Vitalik wallet sends 400 ETH worth $600K to Coinbase

A wallet associated with Ethereum co-founder Vitalik Buterin has been flagged sending 400 ETH worth $600,000 to Coinbase.

Blockchain sleuths have flagged a number of ETH transactions from a wallet associated to Ethereum co-founder Vitalik Buterin in September 2023 totalling over $3.9 million.

Seperate blockchain monitoring profiles shared details of a 400 ETH transaction worth an estimated $632,000 from Vitalik’s wallet to Coinbase on Sept. 25.

@VitalikButerin deposited 400 $ETH to #Coinbase at $1,579 ($632K) 2hrs ago.

Notably, Ethereum’s co-founder has deposited a total of 2,421 $ETH to multiple CEXs at 1,628 on average ($3.94M) via two addresses over the past 10 days.

More details: https://t.co/tiJwn0omkk… https://t.co/C3BqRmsUau pic.twitter.com/8v1jmadwaM

— Spot On Chain (@spotonchain) September 25, 2023

According to Spot On Chain, Buterin’s most recent transaction is the latest in a spate of ETH deposits to centralized exchanges over the past 10 days. The blockchain analytics platform estimates that Buterin has deposited an estimated 2,421 ETH valued at $3.94 million from Sept. 15 onwards.

The platform outlined deposits amounting to 321 ETH worth $527,000 deposited to Kraken between Sept. 15 and Sept. 19. Buterin also reportedly deposited a total of 1,700 ETH ($1.95 million) to Bitstamp in a number of transactions on Sept. 17 and Sept. 20, while 500 ETH was deposited to Paxos on Sept. 19.

Cointelegraph has independently verified a number of these transactions using exclusive access to Nansen 2 beta’s wallet profiler. Blockchain data also highlights a transfer of 2,000 ETH worth $4.9 million to the address that has been carrying out these transactions from another wallet long associated with the Ethereum co-founder.

According to Spot On Chain, the source of the 2,000 ETH transaction is a “better-known address” (0xD04daa65144b97F147fbc9a9B45E741dF0A28fd7) belonging to Buterin than the middle address (0x5567A4bE2D5b77F5Fd870f99Ed9167Feab8831B1) that has been transferring funds to exchanges.

Cointelegraph previously reported a $1 million, 600 ETH transaction from the vitalik.eth address on Aug. 21 that was also identified by on-chain monitoring platforms. 

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