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Ethereum 40,000 Transaction, Is Vitalik Buterin to Blame?

  • 40,000 Ethereum were transferred on Thursday.

  • It's interesting to note that the transfer is believed to have come from a wallet Vitalik Buterin made.


25 Nov 2022 By : COIN GABBAR
Ethereum 40,000 Tran

On the chain on Thursday, there was a transaction involving the transfer of 40,000 Ethereum (ETH).

On the chain on Thursday, there was a transaction involving the transfer of 40,000 Ethereum (ETH). It's noteworthy that the transfer is believed to have originated from a wallet Vitalik Buterin created. The price of Ethereum has barely increased since the FTX hacker dumped ETH earlier in the week. According to market tracking website CoinGabbar, the price of ETH is $1,186 as of this writing, up 0.65% from the previous day.

Ethereum transfer from a site connected to Vitalik Buterin?

Ethereum just experienced a huge selloff due to the FTX catastrophe. The news of FTX's insolvency has increased the difficulties for investors in the cryptocurrency sector. A transaction with the sender name Vb 3 was detected as having a value of 40,000 Ether, according to data from Etherescan. During the decline in ETH prices, the Ethereum whales pounced on the opportunity. The whales purchased ETH worth more than $1 billion as the price of the cryptocurrency dropped following the FTX collapse. In fact, on-chain information showed that the whale gathering on November 21 was the seventh largest for a single day in recorded history.

The FTX hacker also transferred all of the assets to ETH, which contributed to the FUD that surrounded the coin. The hacker once ranked as the 33rd largest Ethereum (ETH) holder, surpassing several of the largest exchanges with assets valued at over $280 million.

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