Vitalik wallet sends 400 ETH worth $600K to Coinbase

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Vitalik wallet sends 400 ETH worth $600K to Coinbase

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Blockchain sleuths have flagged several Ether (ETH) transactions from a wallet associated with Ethereum co-founder Vitalik Buterin in September 2023, totaling over $3.9 million.

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

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 Buterin has deposited an estimated 2,421 ETH ($3.94 million) from Sept. 15 onwards.

The platform outlined deposits amounting to 321 ETH deposited to Kraken between Sept. 15 and Sept. 19. Buterin also reportedly deposited a total of 1,700 ETH to Bitstamp in several transactions on Sept. 17 and Sept. 20 and deposited 500 ETH to Paxos on Sept. 19.

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

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Nansen 2 wallet profiler highlighting a 3,000 ETH transaction between wallets associated with Ethereum co-founder Vitalik Buterin. Source: Nansen

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 600 ETH ($1 million) transaction from the vitalik.eth address on Aug. 21, which was also identified by on-chain monitoring platforms. 

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