Vitalik Buterin Offloads $440K Worth of WETH
CryptoNewsTerminal Staff10 Sep, 2024
Vitalik Buterin Offloads $440K Worth of WETH
Vitalik Buterin has recently sold off a significant amount of Wrapped Ether (WETH), according to data from on-chain analyst @ai_9684xtpa. The transaction involved the sale of 190 WETH, which is estimated to be worth approximately $440,000 at the time of the sale. This transaction was made from an address linked to Vitalik Buterin. Additionally, the on-chain analyst also noted that another address connected to Vitalik Buterin had transferred 3800 ETH to the address that sold the WETH within the past month. The reasons behind these transactions are currently unknown, and Vitalik Buterin has not publicly commented on the matter. This development has sparked speculation within the cryptocurrency community, with some suggesting that it could be a sign that Vitalik Buterin is bearish on the short-term prospects of Ethereum. However, it is important to note that this is just speculation, and there is no concrete evidence to support this claim. It is also possible that Vitalik Buterin is simply rebalancing his portfolio or using the funds for other purposes.
