medium_post

image_placeholder

post-thumbnail

thumbnail

medium

medium_large

large

1536x1536

What is Pepe Coin (PEPE) and why Ethereum Jumps to $2K

post-thumbnail_old_88x88

post-image

post-image-thumb

Cryptocurrency 101: A Beginner’s Guide to Understanding Cryptocurrencies, and Their Advantages

Trends and Performance of Major Cryptocurrencies


<div class="d-flex justify-content-center"><ins class="64c25105bd391bf86a4f85f8" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c25105bd391bf86a4f85f8",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<p>Ethereum co-founder Vitalik Buterin has set the blockchain community abuzz with his recent financial maneuvers. With a flurry of Ether (ETH) transfers worth millions, this article dives into the details of Buterin&#8217;s crypto escapades, highlighting a substantial $600,000 transaction to <a href="https://www.coinbase.com">Coinbase</a>. </p>



<p>Read more: <a href="https://hodl.fm/vitalik-nft-metalabel-collection-tops-opensea-charts">Vitalik NFT Metalabel Collection Tops OpenSea Charts</a></p>



<figure class="wp-block-embed aligncenter is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">🚨 <a href="https://twitter.com/VitalikButerin?ref_src=twsrc%5Etfw">@VitalikButerin</a> deposited 400 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> to <a href="https://twitter.com/hashtag/Coinbase?src=hash&amp;ref_src=twsrc%5Etfw">#Coinbase</a> at $1,579 ($632K) 2hrs ago.<br><br>Notably, Ethereum’s co-founder has deposited a total of 2,421 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$ETH</a> to multiple CEXs at 1,628 on average ($3.94M) via two addresses over the past 10 days.<br><br>👉 More details: <a href="https://t.co/tiJwn0omkk">https://t.co/tiJwn0omkk</a>… <a href="https://t.co/C3BqRmsUau">https://t.co/C3BqRmsUau</a> <a href="https://t.co/8v1jmadwaM">pic.twitter.com/8v1jmadwaM</a></p>&mdash; Spot On Chain (@spotonchain) <a href="https://twitter.com/spotonchain/status/1706156605874872403?ref_src=twsrc%5Etfw">September 25, 2023</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h2 class="wp-block-heading">Blockchain&#8217;s Sleuths Uncover Vitalik&#8217;s ETH Gift </h2>



<p>In September 2023, crypto sleuths with a knack for tracking blockchain transactions stumbled upon a series of strange moves involving Ethereum&#8217;s legendary co-founder, Vitalik Buterin. They uncovered a sequence of Ether transactions, each with its own story to tell, all adding up to a $3.9 million. You&#8217;ve got the moves like jagger, Vitalik!</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media.tenor.com/MwjboMUONU0AAAAd/uncover-shocked.gif" alt=""/></figure></div>


<p>It begins begins with a wallet associated with Vitalik Buterin initiating a transaction of 400 ETH, equivalent to approximately $600,000, to the popular cryptocurrency exchange, Coinbase. A significant move that sent ripples throughout the crypto world, it left many wondering about Buterin&#8217;s intentions behind this sizeable transfer.</p>



<h2 class="wp-block-heading">The Great Ethereum ETH Migration</h2>



<p>But that&#8217;s just the tip of the iceberg. According to the blockchain analysis platform Spot On Chain, this transaction is just one episode in a string of ETH deposits made by Buterin into centralized exchanges over the course of ten days. The grand total? An astonishing 2,421 ETH, equating to a staggering $3.94 million, all moved between September 15 and beyond.</p>



<div class="d-flex justify-content-center"><ins class="64c250b9b41a4b5be53156b1" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c250b9b41a4b5be53156b1",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<h2 class="wp-block-heading">Kraken, Bitstamp, and Paxos: Vitalik&#8217;s Stamping Grounds</h2>



<p>The blockchain detectives meticulously pieced together the puzzle, revealing that 321 ETH had found its way to <a href="https://www.kraken.com">Kraken</a> between September 15 and September 19. <a href="https://www.bitstamp.net">Bitstamp</a>, another cryptocurrency exchange, played host to a series of transactions involving a hefty 1,700 ETH on September 17 and 20. To top it off, 500 ETH made a pit stop at <a href="https://paxos.com">Paxos</a> on September 19.</p>



<p>More Here: <a href="https://hodl.fm/kraken-review-2023">Kraken review 2023: Features, Fees, Advantages</a></p>



<h2 class="wp-block-heading">Independently Verified by Cointelegraph</h2>



<p>To add further credence to these mind-boggling transactions, Cointelegraph independently verified several of them. Accessing Nansen 2 beta’s wallet profiler, they confirmed the authenticity of these movements. The blockchain data also underscored a substantial transfer of 2,000 ETH, equivalent to a staggering $4.9 million, to the address responsible for these transfers. This address has long been associated with the Ethereum co-founder.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://s3.cointelegraph.com/uploads/2023-09/3e5049d5-95ef-4bf9-bfe7-801f3e7c8517.png" alt=""/><figcaption class="wp-element-caption">Nansen 2 wallet profiler. Source: <a href="https://cointelegraph.com/news/vitalik-wallet-sends-400-eth-worth-600k-to-coinbase">CoinTelegraph</a></figcaption></figure></div>


<h2 class="wp-block-heading">A Tale of Three Wallets</h2>



<p>Spot On Chain delved even deeper into the rabbit hole, highlighting the source of the 2,000 ETH transaction as a &#8220;better-known address&#8221; (0xD04daa65144b97F147fbc9a9B45E741dF0A28fd7) owned by Buterin. This revelation added an intriguing layer to the unfolding narrative, contrasting with the middle address (0x5567A4bE2D5b77F5Fd870f99Ed9167Feab8831B1) responsible for ferrying funds to various exchanges.</p>


<div class="wp-block-image">
<figure class="aligncenter size-large"><img decoding="async" src="https://media.tenor.com/WYffmZsnmRgAAAAC/thats-the-mystery-velma-scooby-doo.gif" alt=""/></figure></div>


<h2 class="wp-block-heading">Recalling the $1 Million Transaction</h2>



<p>This whirlwind of transactions isn&#8217;t Buterin&#8217;s first dance with crypto headlines. On August 21, there was a notable 600 ETH ($1 million) transaction from the address vitalik.eth, which didn&#8217;t escape the watchful eyes of on-chain monitoring platforms.</p>



<div class="d-flex justify-content-center"><ins class="64c250b9b41a4b5be53156b1" style="display:inline-block;width:1px;height:1px;"></ins><script>!function(e,n,c,t,o,r,d){!function e(n,c,t,o,r,m,d,s,a){s=c.getElementsByTagName(t)[0],(a=c.createElement(t)).async=!0,a.src="https://"+r[m]+"/js/"+o+".js?v="+d,a.onerror=function(){a.remove(),(m+=1)>=r.length||e(n,c,t,o,r,m)},s.parentNode.insertBefore(a,s)}(window,document,"script","64c250b9b41a4b5be53156b1",["cdn.bmcdn6.com"], 0, new Date().getTime())}();</script></div>



<h2 class="wp-block-heading">Concluding Thoughts</h2>



<p>As the crypto community eagerly watches Vitalik Buterin&#8217;s financial maneuvers, the Ethereum co-founder&#8217;s recent $600,000 ETH transfer to Coinbase remains a hot topic. </p>



<h3 class="wp-block-heading">Read More: </h3>



<ul>
<li><a href="https://hodl.fm/top-people-in-crypto">TOP people in crypto and blockchain – who is the best?</a></li>



<li><a href="https://hodl.fm/digest-3">Ethereum Shanghai upgrade, Arbitrum drama and an unexpected BTC whale?</a></li>
</ul>



<p>With millions in ETH making its way to various exchanges, one can only wonder about the motivations behind these moves. </p>


<div class="wp-block-image">
<figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" src="https://y.yarn.co/3048cf24-2087-42ff-ae0c-6e5da77d552a_text.gif" alt="" style="width:476px;height:202px" width="476" height="202"/></figure></div>


<p><strong>Disclaimer</strong>:&nbsp;<em>All materials on this site are for informational purposes only. None of the material should be interpreted as investment advice. Please note that despite the nature of much of the material created and hosted on this website,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;is not a financial reference resource and the opinions of authors and other contributors are their own and should not be taken as financial advice. If you require advice of this sort,&nbsp;</em><em><a target="_blank" href="http://hodl.fm/" rel="noreferrer noopener">HODL.FM</a></em><em>&nbsp;strongly recommends contacting a qualified industry professional.</em></p>
