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Blockchain sleuths have zeroed in on a recent transaction from a wallet associated with Ethereum co-founder Vitalik Buterin, where he transferred $14.9 million worth of USD Coin (USDC<\/a>) to the cryptocurrency exchange Gemini.<\/p>\n According to an Oct. 17 post from blockchain analytics firm PeckShield on X, Buterin\u2019s wallet \u201cVitalik.eth\u201d transferred $14.93 million to Gemini on Oct. 16. <\/p>\n The transaction<\/a> was independently verified by Cointelegraph on Etherscan. <\/p>\n #PeckShieldAlert<\/a> #vitalik<\/a>.eth haas transferred ~15M $USDC<\/a> (Multisig Contract 0xf207…D5a3) to #Gemini<\/a> pic.twitter.com\/6FZGKLKg9Z<\/a><\/p>\n \u2014 PeckShieldAlert (@PeckShieldAlert) October 17, 2023<\/a><\/p><\/blockquote>\n Vitalik received<\/a> the original sum of 14.93 million USDC from Kanro, a charity affiliated with Vitalik on Oct. 14. <\/p>\n Separate analysis from crypto data provider Lookonchain found that Buterin had also recently transferred nearly $500,000 to Coinbase three days prior. <\/p>\n vitalik.eth received 14.93M $USDC<\/a> from #Kanro<\/a> 4 days ago and then deposited it into #Gemini<\/a> yesterday before the first surge of $BTC<\/a>.#Vitalik<\/a> also deposited 500K $USDC<\/a> into #Coinbase<\/a> 2 days ago.<\/p>\n What did he do with the $USDC<\/a>?https:\/\/t.co\/o3u5JjjapU<\/a>https:\/\/t.co\/Z69WG0xuNP<\/a> pic.twitter.com\/dwTt7tzHp8<\/a><\/p>\n \u2014 Lookonchain (@lookonchain) October 17, 2023<\/a><\/p><\/blockquote>\n The price of Ethereum\u2019s native currency Ether (ETH<\/a>) held steady following news of the transfer, falling just 0.68% in the past four hours, according to price data from Coingecko. <\/p>\n Related: <\/em><\/strong>Ethereum losing streak vs. Bitcoin hits 15 months \u2014 Can ETH price reverse course?<\/em><\/strong><\/a><\/p>\n Buterin\u2019s most recent transaction is the latest in a spate of ETH deposits to centralized exchanges over the past few months, with the total transfers from Buterin\u2019s wallets totalling more than $3.9 million in September. <\/p>\n On Sept. 24, Buterin transferred 400 ETH<\/a> \u2014 worth $600,000 at the time \u2014 to Coinbase. Cointelegraph previously reported a 600 ETH ($1 million) transaction<\/a> from the vitalik.eth address on Aug. 21, which was also identified by on-chain monitoring platforms.<\/p>\n\n
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