Vitalik Buterin’s $530K Ethereum transfer: Impact on ETH?

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Vitalik Buterin’s $530K Ethereum transfer: Impact on ETH?
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Vitalik Buterin has deposited a substantial 200 ETH worth $530,000 to the Kraken cryptocurrency exchange (CEX).

Amid the market downturn, on the 15th of August, on-chain analytic firm Spot On Chain made a post on X that the Ethereum’s co-founderNotably, Vitalik deposited a substantial 200 ETH worth $530,000 to the Kraken cryptocurrency exchange. Also, this is the first time in 2024 that Vitalik has deposited to any centralized exchange .

However, the Ether amount was relatively low, and it is also not specified whether it was for donation, staking, or selling.

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