Vitalik-Linked Wallet Sells $1.83M in ETH After August Transfer

The post Vitalik-Linked Wallet Sells $1.83M in ETH After August Transfer appeared first on Coinpedia Fintech News

After receiving 3,800 Ethereum tokens from Vitalik Buterin, Co-founder of Ethereum, on August 9th and 30th, a multi-signature wallet is on a selling spree. Starting with $9.99 Million worth of ETH tokens, the wallet has dumped 760 ETH in the market in exchange for 1.835 Million USDC for an average price of $2,414 per token. With the most recent selling just a day ago, the dumping whale increases the volatility in the market as it is associated with Ethereum’s co-founder name.