Ethereum is the second largest crypto ecosystem by market capitalization, behind Bitcoin. Since the occurrence of the FTX affair, members of the community have been monitoring every major move in the markets. This, in order to take shelter in case of danger. There is indeed like a psychosis that has set in since last week. Monday, a transaction of Ethereum (ETH), which would belong to Vitalik Buterin is at the heart of exchanges on social networks.
A significant number of ETH
On Monday, the Lookonchain platform, which monitors transactions on the blockchain, reported a information that Ethereum founder Vitalik Buterin sold $3.75 million worth of Ethereum (ETH) last weekend. An operation concluded in the middle of the panic generated by the FTX affair. A total of 3,000 ETH were traded through the Uniswap exchange, for stablecoins. These include USDC, USDT, DAI, and BTC. The selling price of each ETH was $1,250.
Lookonchain clarified that the full amount of the transaction was eventually converted into USDC. According to the watcher, the wallet that gave away ETH is believed to be controlled by Vitalik Buterin. It is indeed based on formerly reported transactions between the wallet and some wallets belonging to the billionaire.
You should know that after the transaction, the issuer wallet still contained more than 3.3 million dollars of ETH. On social media, the case has generated a lot of comments, with many wondering whether to withdraw their ETH as well.
Vitalik Buterin or not Vitalik Buterin?
Faced with the debate that the question arouses, Decrypt spoke with Evan Van Ness, close to the founder of the crypto ecosystem. He said that Vitalik Buterin confirmed to him that the wallet is not his.
“He confirmed to me that the wallet in question is not his. So it’s false information (…) Either I’m lying or Vitalik is lying. If I’m lying, Vitalik can easily refute it with a tweet. So I lose all credibility. If Vitalik is lying, it’s the dumbest thing in the world to lie »Van Ness told Decrypt.
Despite this, many observers do not budge. The transaction comes from Vitalik Buterin. For them, it is urgent to know the reasons justifying this sale.
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