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Vitalik Buterin transfers $15 million USDC to Gemini exchange

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TL;DR

  • Vitalik Buterin transferred 14.93 million USDC to Gemini on October 16.
  • Buterin deposited $500,000 into Coinbase three days prior to the Gemini transaction.
  • In September, he moved over $3.9 million in cryptocurrencies to various exchanges.

Ethereum co-founder Vitalik Buterin is actively moving substantial crypto assets, with several recent transactions drawing attention. On October 16, his wallet “Vitalik.eth” transferred 14.93 million in USD Coin (USDC) to the US exchange Gemini. This significant transaction originated from Kanro, a charity supporting research on airborne pathogens, which had sent the same amount to Vitalik.eth two days prior.

Moreover, Buterin’s financial activities extend beyond this single transfer. Data indicates he deposited $500,000 into Coinbase just three days before the latest Gemini transfer. These movements align with his past actions, underscoring a pattern of considerable crypto transfers.

Additionally, September saw him moving over $3.9 million in various cryptocurrencies to exchanges like Coinbase and Gemini. An earlier transaction in August also marked his transfer of 600 ETH, worth about $1 million, further highlighting the regularity of such substantial financial activities.

Buterin’s transactions aren’t limited to USDC. According to Lookonchain, he’s also been depositing Ethereum (ETH) into several crypto exchanges. One noteworthy activity involved transferring 1,000 ETH (approximately $1.64 million) to Bitstamp. Over the past two months, Buterin’s linked address has funneled 4,400 ETH, roughly $7.23 million, into the same platform.

The Ethereum co-founder’s consistent asset movements have totaled over $3.9 million in September alone. Notable among these was a 400 ETH transfer, coming in at a solid $600,000, to Coinbase on September 24. Another significant activity was recorded on August 21, involving a 600 ETH transfer, as verified by on-chain monitoring tools.

These repetitive high-value movements by one of the blockchain industry’s key figures suggest a strategic financial maneuvering, whose purpose remains undisclosed. However, they undeniably indicate an ongoing and substantial interaction with centralized exchanges, a behavior common among high-profile individuals in the crypto space.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

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Mutuma Maxwell

Maxwell especially enjoys penning pieces about blockchain and cryptocurrency. He started his venture into blogging in 2020, later focusing on the world of cryptocurrencies. His life's work is to introduce the concept of decentralization to people worldwide.

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