On May 7, two whales dumped 19,090 Ethereum (ETH) worth approximately $35.7 million. on Uniswap.
Sales trailed Vitalik Buterin, co-founder of The Ethereum blockchain and the Ethereum Foundation have sold coins worth Almost 30 million dollars on Kraken, a US-based centralized exchange hours previously.
It may be panic set in when first A whale converted to 9,950 ETH for 18.63 million dinars. Soon after, another whale dumped 9,140 ETH for 17.07 million days.
DAI is an algorithm stablecoin value tracking of American dollar. issued on Ethereum by MakerDAO, one of largest decentralized finance (DeFi) protocol.
After these sales and Buterin’s exit from marketEthereum prices have been declining, according to data from CoinMarketCap (CMC).
recent actions of Buterin and the Ethereum Foundation have questioned whether ETH will sustain the bullish trend seen in First quarter 2023.
the last While the Ethereum Foundation sold its holdings, ETH slid into a long bear market. It is not yet clear if the prices are the same currently Rush and if sellers will force The coin is less in upcoming sessions.
Vitalik Buterin regularly sells Ethereum
Even amid this uncertainty, Buterin sells his stock regularly via His choice of exchange, Kraken.
In 2019, Vitalik Buterin transferred 92,000 ETH, worth $11.5 million from one portfolio to the stock exchange.
The latest developments, onString data shows Vitalik has sold all of his free tokens, which include 50 billion MOPS tokens for 1.25 ETH, about $2,000, 500 trillion checks for 380 ETH, approximately $600,000, and 10 billion CULT tokens for 58 ETH, roughly $91,000; Netting approximately $700,000
Furthermore, blockchain security firm PeckShield revealed that Vitalik sold 3.4 million BITE tokens for 4.9 eth. Buterin also Transfer 214 ETH to an EthDev address.
Ethereum co-founder Vitalik Buterin sold a wallet believed to hold 3,000 ETH, turning the cryptocurrency into a stablecoin backed by the US dollar. via Decentralized exchange Uniswap.
In an interview, Buterin revealed that he personally orchestrated the sale of 70,000 ETH in 2018, when the currency trading about an all-time high, taking in $100 million.
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