{"id":160921,"date":"2023-09-22T18:00:24","date_gmt":"2023-09-22T12:30:24","guid":{"rendered":"https:\/\/dripp.zone\/news\/vitalik-buterin-moves-more-ethereum-eth-price-fell-below-1600-crypto-news\/"},"modified":"2023-09-22T18:00:26","modified_gmt":"2023-09-22T12:30:26","slug":"vitalik-buterin-moves-more-ethereum-eth-price-fell-below-1600-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/vitalik-buterin-moves-more-ethereum-eth-price-fell-below-1600-crypto-news\/","title":{"rendered":"Vitalik Buterin Moves More Ethereum, ETH Price Fell Below $1600 – Crypto News"},"content":{"rendered":"

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Ethereum creator Vitalik Buterin<\/a> continues to sell ETH and more tokens more frequently, causing ETH price to remain under pressure. Vitalik wallet address (Vb 2) just transferred a total of 278 ETH to the wallet address starting with.<\/p>\n

According to Etherscan data<\/a>, Vb 2 wallet linked to Vitalik Buterin has moved 278 ETH in total in three transactions to 0x3F62. A large transfer of 200 ETH is followed by two small transactions of 68 ETH and 10 ETH. While the value of these transactions is not even in a million, recent transfer of ETH to exchange from Vitalik Buterin\u2019s wallet have raised concerns among traders.<\/p>\n

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Recently, Ethereum co-founder Vitalik Buterin transferred 300 ETH worth nearly $493k to crypto exchange Kraken. Also, Lookonchain reported that a whale deposited a total of 30,000 ETH<\/strong> worth nearly $50 million to crypto exchanges Binance, OKX, and KuCoin this week.<\/p>\n

Meanwhile, an ETH ICO participant sold 6,000 ETH<\/strong> worth nearly $10 million to Kraken. The transaction happening amid allegations of SEC\u2019s corruption related to Ethereum (ETH) initial coin offering (ICO) raises questions.<\/p>\n

Ethereum founder Vitalik Buterin also swapped MKR tokens for 350 ETH<\/a> for the first time in 2 years. He subsequently transferred the received 350 ETH to address 0x3F62<\/strong>.<\/p>\n

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Typically, the movement of ETH by Vitalik Buterin and the Ethereum Foundation is followed by a fall in ETH price. While the reason behind the recent transfer remains unknown, some speculate another massive selloff by Vitalik Buterin.<\/p>\n

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Read More: Bitcoin Options Data Shows Rise In Put Calls, Whale Holdings Drop<\/a><\/strong><\/p>\n

ETH Price Falls Below $1600<\/h2>\n

In August end, Vitalik Buterin labeled address \u201cvitalik.eth executed a transfer of 3,000 ETH<\/a> worth almost $5 million to the Vb 2 wallet address. This transfer follows Buterin\u2019s recent movement of 600 ETH<\/a> worth nearly a million to crypto exchange Coinbase.<\/p>\n

ETH price<\/a> currently trades at $1593, rising upwards after a fall in the last 24 hours. The 24-hour low and low are $1,573 and $1,601, respectively. The trading volume has decreased by 22% in the past 24 hours, indicating a lack of interest among traders.<\/p>\n

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