Vitalik Buterin, the co-founder of Ethereum, recently transferred 3,000 ETH, worth approximately $4.9 million, to a Vb 2 labeled address. According to Etherscan, the transaction took place on Aug. 28 and brought the total value of ETH held in the wallet to just under $5 million. Following the transaction, Ethereum’s price remained steady at $1,640 with a 24-hour trading volume of $3,489,394,171.The identity of the recipient and the intent behind the transfer remain unknown. Buterin has been known to offload chunks of his ETH holdings over the past five years and has also publicly discarded tokens received in unplanned altcoin airdrops. Recently, he also transferred 600 ETH, roughly valued at $1 million, to the U.S. exchange platform Coinbase.

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Information	Details
Geography	Global
Countries
Sentiment	neutral
Relevance Score	8
People	Coinbas, Vitalik Buterin
Companies	Etherscan, Ethereum, CoinGecko, Vitalik Buterin, PrimeXBT, Binance
Currencies	ethereum, eth, usd, bitcoin
Securities