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Ethereum (ETH<\/a>) founder Vitalik Buterin has been spotted sending hundreds of ETH to a major US-based digital asset exchange.<\/p>\n According to Ethereum blockchain tracker Etherscan, a wallet owned by Buterin shifted 600 ETH worth over $1 million to Coinbase, where it could potentially be sold on the open market.<\/p>\n According to Etherscan, Buterin paid<\/a>\u00a0less than $0.50 in fees to complete the transaction.<\/p>\n The Ethereum founder has been turning heads this year amid a series of on-chain transactions.<\/p>\n In March, Buterin moved 200 ETH worth over $323,000 to a wallet of unknown origin. The ETH trove was subsequently moved to the crypto exchange Kraken<\/a>\u00a0where it could potentially be sold on the open market.<\/p>\n On March 11th, Blockchain security firm Peckshield also detected activity from Buterin\u2019s wallet after the Ethereum founder sent 500 ETH to stablecoin-focused decentralized finance (DeFi) protocol Reflexer.<\/p>\n Peckshield showed that Buterin used<\/a>\u00a0the 500 ETH as collateral to accumulate stablecoins to the tune of 378,500 USD Coin (USDC<\/a>) and 50,000 Dai (DAI<\/a>).<\/p>\n Earlier this month, leading blockchain-monitoring firm Lookonchain spotted Buterin unloading troves of meme tokens. According to Lookonchain, Buterin\u00a0sold<\/a>\u00a0$693,000 worth of Mops (MOPS), Cult DAO (CULT<\/a>) and Shikoku (SHIK<\/a>), which he received as gifts.<\/p>\n The Ethereum co-creator has a history of getting rid of the massive amounts of tokens often gifted to his address by smaller projects.<\/p>\n At time of writing, ETH is trading at $1,660.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
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