Ethereum's creator, Vitalik Buterin, has been in the spotlight recently due to his ongoing involvement with the cryptocurrency. A wallet address linked to Buterin has transferred 3,500 ETH worth about $6.56 million to another address in its latest transfer. The same wallet has made a total transfer of 17,800 ETH amounting to about $33 million since December 2022. There have been rumors circulating that Buterin is planning to sell a significant portion of his ETH holdings, but there has been no official confirmation from him or the Ethereum Foundation.
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Vitalik Buterin's Ethereum Wallet Transfers 3,500 ETH Worth $6.56 Million to Another Address
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Cointime August 4 News Express
1.Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX -
Jump Trading is redeeming 120,000 wstETH in batches into ETH and then transferring it to CEX
According to the monitoring of on-chain analyst Yu Jin, Jump Trading may be selling ETH: they are currently redeeming a wstETH (120,000 pieces) worth $410 million in batches into ETH and then transferring it to exchanges such as Binance/OKX. So far, they have unpacked and redeemed 83,000 wstETH into 97,500 ETH in the 9 days since July 25. Among them, 66,000 ETH (191.4 million US dollars) have entered the exchange.At present, there are still 37,600 wstETH in their wstETH storage address that have not been transferred out; 11,500 stETH in the redemption ETH address is being redeemed into ETH; and 20,000 ETH in the ETH transfer address to the exchange are waiting to enter the exchange in batches. -
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