{"id":360080,"date":"2023-09-25T13:30:47","date_gmt":"2023-09-25T12:30:47","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=360080"},"modified":"2023-09-25T12:56:18","modified_gmt":"2023-09-25T11:56:18","slug":"vitalik-buterin-has-transferred-over-1-8k-eth-to-exchanges-this-year-still-holds-almost-250k-eth","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/vitalik-buterin-has-transferred-over-1-8k-eth-to-exchanges-this-year-still-holds-almost-250k-eth\/","title":{"rendered":"Vitalik Buterin has transferred over 1.8k ETH to exchanges this year, still holds over 250k ETH"},"content":{"rendered":"<p>On-chain <a href=\"https:\/\/etherscan.io\/tx\/0xad3b26733925c68b9c0fcff9661378bab4137bb8d4b0e59d6cf93effae1584be\">data<\/a> shows that Ethereum co-founder Vitalik Buterin transferred 400 ETH, approximately $630,000, to Coinbase earlier today.<\/p>\n<p>According to the Arkham Intelligence <a href=\"https:\/\/platform.arkhamintelligence.com\/explorer\/entity\/vitalik-buterin\">dashboard<\/a>, the transfer continues a recent trend of transactions within the last seven days that has seen Buterin transfer more than 1,000 ETH, including today's transaction, to exchanges, unknown addresses, and a Gnosis Safe Proxy wallet.<\/p>\n<p>The motive for these transactions remains undisclosed. Typically, transfers to exchanges are seen as potential sell-offs. Given Ethereum's recent price challenges, Buterin's transaction might intensify selling pressure on the cryptocurrency.<\/p>\n<p>Meanwhile, Buterin has sold part of his ETH's holding at different periods this year. In August, Buterin transferred 600 Ether to Coinbase. Before then, he had <a href=\"https:\/\/twitter.com\/PeckShieldAlert\/status\/1635271154213744641\">sent<\/a>\u00a0200 ETH to Kraken in March. Around the same period, Buterin\u00a0<a href=\"https:\/\/cryptoslate.com\/vitalik-buterin-chastises-bite-other-shitcoins-for-having-no-redeeming-cultural-or-moral-value\/\">dumped<\/a>\u00a0several unsolicited altcoins (sh*tcoins) for 439.25 ETH.<\/p>\n<p>Per Arkham's intelligence <a href=\"https:\/\/platform.arkhamintelligence.com\/explorer\/entity\/vitalik-buterin\"><span class=\"s4\">data<\/span><\/a>, Buterin still holds a substantial amount of ETH, with nearly 250,000 Ether units worth $390 million in his address.<\/p>\n<h2><span class=\"s5\"><span class=\"bumpedFont15\">Ether price drops as it turns inflationary<\/span><\/span><\/h2>\n<p>Ether (ETH) has experienced a consistent decline in recent weeks, dipping below the $1,600 mark. Over the last seven days, it slipped by 3.2%, extending a 4.3% downtrend over the past 30 days.<\/p>\n<p>The digital asset is currently trading at $1,577 as of press time.<\/p>\n<p>This downturn in ETH's value coincides with the asset's return to being inflationary. Ultrasound.money <a href=\"https:\/\/ultrasound.money\/\">data<\/a> shows that its supply has increased by more than 6500 ETH during the last seven days, and its inflation rate is pegged at 0.29% as of press time.<\/p>\n<p>Market observers have attributed the rising supply to the fallen network activity that has burned less ETH. For context, ycharts <a href=\"https:\/\/ycharts.com\/indicators\/ethereum_transactions_per_day#:~:text=Ethereum%20Transactions%20Per%20Day%20is,completed%20on%20the%20Ethereum%20network.\">data<\/a> shows that Ethereum's daily transaction is down more than 20% from what was recorded around the same period last year.<\/p>\n<p>ETH's gas fee has also plummeted to a yearly low of around 12 Gwei, according to Etherscan <a href=\"https:\/\/etherscan.io\/chart\/transactionfee\">data<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On-chain data shows that Ethereum co-founder Vitalik Buterin transferred 400 ETH, approximately $630,000, to Coinbase earlier today. According to the Arkham Intelligence dashboard, the transfer continues a recent trend of transactions within the last seven days that has seen Buterin transfer more than 1,000 ETH, including today&#8217;s transaction, to exchanges, unknown addresses, and a Gnosis [&hellip;]<\/p>\n","protected":false},"author":720,"featured_media":360086,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[76128,72190,76926],"prediction_market_topic":[],"post_folder":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.9 (Yoast SEO v21.9.1) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Vitalik Buterin has transferred over 1.8k ETH to exchanges this year, still holds over 250k ETH<\/title>\n<meta name=\"description\" content=\"Vitalik Buterin has transferred more than 1000 units of Ethereum out of his wallets to unknown addresses over the last seven days.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/vitalik-buterin-has-transferred-over-1-8k-eth-to-exchanges-this-year-still-holds-almost-250k-eth\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vitalik Buterin has transferred over 1.8k ETH to exchanges this year, still holds over 250k ETH\" \/>\n<meta property=\"og:description\" content=\"Vitalik Buterin has transferred more than 1000 units of Ethereum out of his wallets to unknown addresses over the last seven days.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/vitalik-buterin-has-transferred-over-1-8k-eth-to-exchanges-this-year-still-holds-almost-250k-eth\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-25T12:30:47+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-25T11:56:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2023\/09\/vitalik-buterin-ethereum.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/vitalik-buterin-has-transferred-over-1-8k-eth-to-exchanges-this-year-still-holds-almost-250k-eth\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/vitalik-buterin-has-transferred-over-1-8k-eth-to-exchanges-this-year-still-holds-almost-250k-eth\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/12\/profile-photo-oluwapelumi-adejumo-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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