- Four days ago, Vitalik Buterin received nearly 15 million USDC tokens from an address labeled Kanro.
- Two days ago, Buterin deposited 500,000 USDC into Coinbase (NASDAQ:COIN).
- Buterin’s recent USDC deposit into Gemini coincided with a surge in Bitcoin’s price.
A series of stablecoin transactions linked to Ethereum Co-Founder Vitalik Buterin has sparked curiosity and speculation within the crypto community.
According to on-chain analyst Lookonchain, Buterin received nearly 15 million USDC tokens from an address labeled Kanro four days ago. The funds were then deposited into the Gemini exchange yesterday, just prior to a surge in Bitcoin’s price.
vitalik.eth received 14.93M $USDC from #Kanro 4 days ago and then deposited it into #Gemini yesterday before the first surge of $BTC.#Vitalik also deposited 500K $USDC into #Coinbase 2 days ago.What did he do with the $USDC?https://t.co/o3u5JjjapUhttps://t.co/Z69WG0xuNP pic.twitter.com/dwTt7tzHp8
— Lookonchain (@lookonchain) October 17, 2023
Lookonchain also noted that Buterin had deposited 500,000 USDC into the crypto exchange Coinbase two days ago. They questioned what Buterin may have done with the stablecoins, given the ti…
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