{"id":159894,"date":"2023-09-21T09:05:59","date_gmt":"2023-09-21T03:35:59","guid":{"rendered":"https:\/\/dripp.zone\/news\/ethereum-whales-and-buterin-move-31-million-in-eth-crypto-news\/"},"modified":"2023-09-21T09:06:01","modified_gmt":"2023-09-21T03:36:01","slug":"ethereum-whales-and-buterin-move-31-million-in-eth-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/ethereum-whales-and-buterin-move-31-million-in-eth-crypto-news\/","title":{"rendered":"Ethereum Whales and Buterin Move $31 Million in ETH – Crypto News"},"content":{"rendered":"

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Amid a stagnant September for Ethereum (ETH), notable transactions from key players are taking place in the market. Whale Alert recently disclosed a significant move from a long-dormant Ethereum ICO wallet. This comes on the heels of other<\/span> substantial transfers<\/span><\/a>, including those from Ethereum co-founder Vitalik Buterin.<\/span><\/p>\n

On September 20, an Ethereum ICO wallet linked to core developer Danno Ferrin sprang to life after over eight years of inactivity. The wallet transferred 192.2 ETH, roughly $313.2k, to Coinbase. The Data Nerd broke down the transactions into two parts, which are 32.1 ETH and 160.1 ETH. Despite its modest size, this move adds to a growing list of transactions from early Ethereum participants.<\/span><\/p>\n

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33 minutes ago, an Ethereum ICO participant woke up after 8 years and transferred 192.2 $ETH<\/a> ($313.2K) to #coinbase<\/a>.<\/p>\n

He received 200 $ETH<\/a> from the Ethereum Genesis. pic.twitter.com\/zD8qAHkSCy<\/a><\/p>\n

\u2014 The Data Nerd (@OnchainDataNerd) September 20, 2023<\/a><\/p>\n

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Ethereum Whales Stir Market with Major Moves<\/b><\/h2>\n

Additionally, Lookonchain shared data that revealed other significant transfers. On September 18, an <\/span>ICO participant moved<\/span><\/a> 6k ETH, worth an estimated $9.96 million, to Kraken. The following day, another whale transferred 10k ETH, valued at around $16.5 million. This whale had also moved similar amounts to Binance, OKX, and KuCoin just four days earlier, ending two years of dormancy.<\/span><\/p>\n

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On 19th September, PeckShield reported that Vitalik Buterin<\/span> transferred 300 ETH<\/span><\/a>, approximately $490k, to Kraken. Another dormant wallet sold 2,591 ETH for $4.18 million in stablecoins. Consequently, the total ETH moved by ICO participants and Buterin in the past two days is about $31 million.<\/span><\/p>\n

However, the market has yet to react strongly to these high-profile moves. Currently, <\/span>Ethereum price<\/span><\/a> is trading<\/span> at $1618.3239 with a 24-hour trading volume of $4,120,380,992. Significantly, the asset has seen a 1.49% drop in the last 24 hours. Hence, while these transfers have caught the crypto community\u2019s attention, their impact on Ethereum\u2019s price remains to be seen.<\/span><\/p>\n

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