Vitalik Wallet Sells 760 ETH Worth $1.83M Amid Recent Transfers

• Vitalik Buterin’s wallet sold 760 Ethereum worth $1.83M, following a last transfer of 3,800 ETH valued at $9.99M.
• ETH  market cap surged to $278.5 billion, with a 0.64% increase in price to $2,314.70.
• Ethereum’s one day trading volume surged by 36.71%, reaching $12.88 billion.

In a recent development, Ethereum founder multi signature wallet has reportedly sold 760 ETH, valued at approximately $1.83 million. 

Buterin Sells 760 ETH After $9.99M Transfer to Wallet

SpotOnChain noted that this sale happened recently, with an average selling price of 2,414 ETH per unit. This transaction has attracted significant attention due to its size and timing within the broader Ethereum network. Bitcoin World noted this through there X Space account.

This sale followed a substantial transfer by Buterin’s address, which moved 3,800 ETH, worth $9.99 million, to the same multi-signature wallet prior to the sale. The exact purpose of these transactions remains undisclosed, but the substantial movement of funds highlights the continued activity within Buterin’s wallet and the broader Ethereum ecosystem.

In addition, these actions come at a time when the Ethereum market is closely monitored for any shifts, primarily those involving high-profile figures like Buterin. 

ETH Current Market Movements

CoinMarketCap data shows that ETH has a market price of  $2,314.70, showing a 0.64% surge in the last 24 hours. The market cap has reached $278.5 billion with a 0.64% surge. The 24-hour trading volume stands at $12.88 billion, recording a 36.71% increase.

Source: CoinMarketCap

The price chart shows a notable fall  early in the day, with Ethereum falling to around $2,299 before recovering and stabilizing in the $2,310 range. The bullish spike proves a brief surge in buying activity, pushing the price upwards. The circulating supply remains steady at 120.32 million ETH.