Vitalik Buterin's Alleged Multi-Sig Wallet Dumps $1.83m in ETH
CryptoNewsTerminal Staff08 Sep, 2024
Vitalik Buterin's Alleged Multi-Sig Wallet Dumps $1.83m in ETH
On-chain data provider Lookonchain has reported via Twitter that a multi-signature wallet allegedly owned by Ethereum (ETH) creator Vitalik Buterin has been dumping ETH over the last few days. The address has so far sold around 760 ETH ($1.83 million), with an average transaction size of 2,414 ETH. The address previously received 3,800 ETH ($9.99 million) to the same address. It's unclear why the wallet is allegedly dumping ETH, but some speculate that it could be related to paying for development costs or personal expenses. This news comes as the ETH price has been struggling in recent weeks, falling from a high of over $3,000 to its current price of around $2,400. It's unclear if the alleged dumping of ETH by Buterin's wallet has had any impact on the price. ```
