Ethereum founder Vitalik Buterin is once again on the move, sending hundreds of Ethereum (ETH) to a major US-based digital asset exchange.
Blockchain security firm Peckshield initially detected the transfer and revealed that a Buterin-owned wallet exchanged 200 ETH worth more than $323,000 to a wallet of unknown origin.
The ETH hoard was later moved to the Kraken crypto exchange, where it could potentially be sold on the open market.
“PeckShieldAlert: vitalik.eth has transferred 200 ETH to Kraken in the last hour.”
According to the Etherscan blockchain tracking service, Buterin paid less than $2 in fees to complete the transaction.
The Ethereum founder has drawn attention of late amid a series of on-chain transactions.
On March 11, Peckshield also detected activity on Buterin’s wallet after the Ethereum founder sent 500 ETH to the stablecoin-focused decentralized finance (DeFi) protocol Reflexer.
Blockchain security showed that Buterin used the 500 ETH as collateral to accumulate stablecoins to the tune of 378,500 USD Coin (USDC) and 50,000 Dai (DAI).
Earlier this month, leading blockchain monitoring firm Lookonchain spotted Buterin dumping troves of meme tokens. According to Lookonchain, Buterin sold $693,000 worth of Mops (MOPS), Cult DAO (CULT), and Shikoku (SHIK), which he received as a gift.
The Ethereum co-creator has a history of dumping the massive amounts of tokens that are often given away to his management for smaller projects.
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