Wednesday, November 30, 2022
HomeCryptoVitalik Buterin behind the transfer of 40,000 Ethereum?

Vitalik Buterin behind the transfer of 40,000 Ethereum?

A transaction showing the transfer of 40,000 Ethereum (ETH) was seen on the channel on Thursday. Interestingly, the transfer was allegedly made from a wallet created by Vitalik Buterin.

Following hacker FTX’s dumping of ETH earlier this week, the price of Ethereum has since recovered slightly. At the time of writing, the price of ETH stands at $1,195, up 2.75% in the past 24 hours, according to price tracking platform CoinMarketCap.

Transfer Ethereum from an address linked to Vitalik Buterin?

Lately, Ethereum has experienced a steep decline due to the FTX crash. The announcement of FTX’s bankruptcy has made the situation even more difficult for investors in the crypto market. According to data from Etherescan, a transaction worth 40,000 Ether was seen from the sender name marked Vb 3. Amid ETH price crash, Ethereum whales have seized the opportunity of the drop. Whales added over $1 billion in ETH as the price dropped after the collapse of FTX. In fact, data from the channel showed that November 21st marked the 5th highest single-day accumulation of whales in the past year.

In addition, the FTX hacker converted all assets to ETH, causing some confusion around this cryptocurrency. At one point, the hacker became the 33rd largest holder of Ethereum (ETH), overtaking some of the largest exchanges with holdings worth over $280 million.

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