1. PixelPlaygroundHome
  2. Metaverse Insights

Vitalik Buterin transfers $8.32 million worth of ETH to a whale address

• Metaverse Insights • 100 views

It is reported that the chain analyst Lookonchain disclosed that a \”0xD04daa\” address of a suspected \”V god\” Vitalik Buterin transferred 5000 ETH (worth about …

Vitalik Buterin transfers $8.32 million worth of ETH to a whale address

It is reported that the chain analyst Lookonchain disclosed that a “0xD04daa” address of a suspected “V god” Vitalik Buterin transferred 5000 ETH (worth about US $8.32 million) to the “0x93927c” whale address two hours ago. According to the data on the chain, the address of the suspected “V God” has transferred 14300 ETHs to the address of the “0x93927c” whale, which currently holds 50001 ETHs with a value of up to US $83.2 million.

Lookonchain: It is suspected that the address of V God will transfer 5000 ETH to the address of a giant whale

Interpretation of the news:


According to Lookonchain, a chain analyst, Vitalik Buterin, the co-founder of Ethereum, transferred 5000 ETH, worth US $8.32 million, to a whale address with the code “0x93927c.” It appears that two hours ago, Buterin’s suspected “V God” address, “0xD04daa,” transferred the sum.

Moreover, the data on the chain indicates that Buterin’s “V God” address has transferred 14300 ETHs to the same whale address. Currently, the whale address holds 50001 ETHs, which amounts to US $83.2 million.

This news sparked interest in the crypto community, with speculations about Buterin’s motives and the future of ETH. Buterin is a highly influential figure in the crypto world, and his actions can contribute to the rise or fall of ETH’s value.

One interpretation is that Buterin is diversifying his portfolio by transferring a significant portion of his ETH holdings to a whale address. A whale address refers to a wallet holding a vast amount of cryptocurrency, often belonging to a single person or entity. In doing so, Buterin’s principal moves away from his personal address to a wallet, presumably with a highly secure system. This move may also indicate that he wants to avoid market volatility during a time of high ETH prices.

Another interpretation is that Buterin’s transfer is part of his charity work. Buterin has notably donated millions to various causes, such as the SENS Research Foundation and the Machine Intelligence Research Institute. By moving funds to another wallet, Buterin may be preparing for another charitable contribution or supporting a particular project.

Finally, some speculate that Buterin’s transfer represents a significant shift in ETH’s market value. The transfer of such a substantial amount of the currency to a whale address may indicate towards a market manipulation ploy. However, it is also possible that Buterin’s transfer is just a routine financial transaction, which shouldn’t affect the cryptocurrency’s overall value.

In conclusion, Vitalik Buterin’s transfer of 5000 ETH, worth US $8.32 million, to a whale address has sparked interest in the crypto community with speculations about his motives and the future of ETH. While some may view it as a market manipulation ploy, others may consider it part of his charity work or a diversification of his portfolio.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/2861/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/23/2023 15:11
Next 02/23/2023 15:25

Recommended articles