CryptoMediaClub
Friday, October 3, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Altcoins

Vitalik Buterin and Ethereum Foundation Transfer Over 15K ETH to Kraken

07.05.2023
A A
0
128
VIEWS
ShareShare

Vitalik Buterin and Ethereum Foundation Transfer Over 15K ETH to Kraken

  • Ethereum developer Vitalik Buterin sent 200 ETH to Kraken.
  • There have been 5 other deals like Kraken in the last two months.

The Ethereum Foundation dumped 15,000 ETH to a cryptocurrency exchange on Friday, one day after Ethereum developer Vitalik Buterin dropped 200 ETH. To cover overhead costs, the Ethereum Foundation sometimes sells a few Ether (ETH), and Vitalik Buterin often trades in the meme coins that accumulate in his wallet for Ether. It’s different this time, however.

PeckShieldAlert reports that on Friday, 200 ETH were sent from the address vitalik.eth, which is associated with Vitalik Buterin, to the cryptocurrency exchange Kraken. This is not the first time this address has sent ETH to the same Kraken wallet, as shown by transactions seen on Etherscan.

Ethereum Price to Fall?

There have been 5 other deals like Kraken in the last two months. PeckShieldAlert noted on Saturday, May 6 that the Ethereum Foundation had similarly sent 15,000 ETH to Kraken. Moreover, many cryptocurrency investors worried that the price of Ethereum (ETH) and other “meme coins” would soon plummet after the Ethereum Foundation’s massive transaction.

According to market history, the Ethereum Foundation’s huge ETH transfer precipitated a precipitous price drop for ETH. On November 12th, 2021, the last transfer of 20,000 ETH was made to Kraken. In the two months after the Ethereum Foundation’s pay out at $4,722, close to ATH, the price of ETH dropped by 40 percent.

Meanwhile, Vitalik Buterin has made a killing off of meme currencies. In the same way that shitcoins lost much of their value when Vitalik Buterin dumped large numbers of them before, the coins he sold primarily got rekt.

Share10Tweet6ShareSharePin2

Related Posts

Solana gains 80% in a month as Firedancer goes live on testnet
Altcoins

Solana gains 80% in a month as Firedancer goes live on testnet

02.11.2023
0

Solana (SOL) has posted 30-day gains of nearly 81%, and has rallied over 30% in the past week amid the...

Read moreDetails
Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

Price analysis 10/30: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

30.10.2023
Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

Bitcoin price hovers near $35K as ETH, APT, QNT and RUNE turn bullish

30.10.2023
Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

Chainlink leads the market with 61% weekly gain — What’s driving LINK price?

27.10.2023
FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

FLOKI price soars 140% in a week — Are memecoins like DOGE, PEPE finally waking up?

27.10.2023
Load More
Next Post

Bitcoin Slides to $29K, PEPE to End The Week With 350% Gains (Weekend Watch)

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Meta Aims to Use Generative AI Technology in Metaverse Gaming, New Job Listing Suggests

Meta Aims to Use Generative AI Technology in Metaverse Gaming, New Job Listing Suggests

1 year ago
Bitcoin Price Prediction: German Government’s Final BTC Sale – Sell-Off Over?

Bitcoin Price Prediction: German Government’s Final BTC Sale – Sell-Off Over?

1 year ago
Coinbase Adds Trading Support for PayPal’s USD-Pegged Stablecoin, PYUSD

Coinbase Adds Trading Support for PayPal’s USD-Pegged Stablecoin, PYUSD

2 years ago
Consensys Cuts 7% of Staff in Latest Crypto Industry Shake-Up: Report

Consensys Cuts 7% of Staff in Latest Crypto Industry Shake-Up: Report

2 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Will a Europe-US BTC reserve race actually happen?

XRP Price Prediction: SWIFT Partners With Ethereum Firm – Is Ripple Losing the Payments Race It Started?

Why is Bitcoin near all-time highs? Everything that happened in crypto today

Spot Bitcoin ETF Volume Tops $5 Billion as Price Breaks $120K – ATH Next?

Trending

Why Is Crypto Up Today? – October 3, 2025
All news

Why Is Crypto Up Today? – October 3, 2025

03.10.2025
0

The crypto market is up today, with the cryptocurrency market capitalization rising by 1.4%, now standing at...

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

NY Senator Introduces Bill to Tax High-Consumption Crypto Miners in New York

03.10.2025
Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

Nomura Unit Eyes Wider Access To Crypto Trading In Japan: Report

03.10.2025
Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

Bitcoin Breaks $120K As ‘Uptober’ Momentum Rises, Shutdown Fails To Stall Gains

03.10.2025
Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

Crypto Price Prediction Today October 2 – XRP, Pepe, Dogecoin

03.10.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz