Ethereum co-founder Vitalik Buterin transferred 100 ETH worth about $300,000 to the multi-signature contract.
Many investors assumed that Buterin was making a strategic move or possibly selling some of his holdings.Now, whether Buterin’s move will shift ETH’s market sentiment from bearish to bullish remains to be seen.
As of the latest update, the largest altcoin was trading at $2,946.55, reflecting a 1.98% decline over the past 24 hours. But despite the recent market decline, AMBCrypto’s analysis using IntoTheBlock data indicated that buying pressure continued to exceed selling pressure among bulls and bears.Needless to say, the launch of Bitcoin ETFs has pushed Bitcoin into the spotlight. Of late, the king coin has attracted attention from
While this surge is often seen as a step forward for cryptocurrency adoption, it primarily revolves around Bitcoin rather than the broader crypto market. Against this backdrop, Buterin’s recent actions could boost ETH adoption, especially considering investors’ losing interest in ETH fueled by the delay in ETH ETF approval by the SEC.His net worth has climbed from $552.86 million at the start of 2024 to $834.66 million.During the 2021 bull market peak, ETH’s value propelled his net worth above $2 billion, though subsequent downturns in 2022 reduced it by about 75%.Ishika is a graduate of Political Science from the University of Delhi.
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