Ethereum Co-Founder Vitalik Buterin Transfers $14.9 Million Worth of USDC to Gemini

Blockchain sleuths track Buterin's transaction

Blockchain analysts have discovered a recent transaction from a wallet associated with Ethereum co-founder Vitalik Buterin. The transaction involved the transfer of $14.9 million worth of USD Coin (USDC) to the cryptocurrency exchange Gemini.

Transaction independently verified

The transaction, which took place on October 16, was independently verified by blockchain analytics firm PeckShield and Cointelegraph on Etherscan.

Buterin received the funds from a charity

Earlier in October, Buterin received the original sum of 14.93 million USDC from Kanro, a charity affiliated with him.

Additional transfers to Coinbase

In addition to the Gemini transaction, Buterin also transferred nearly $500,000 to Coinbase three days prior. This follows a trend of ETH deposits to centralized exchanges over the past few months, with Buterin's total transfers amounting to more than $3.9 million in September.

Ethereum's native currency holds steady

Despite the significant transaction, the price of Ethereum's native currency Ether (ETH) remained relatively stable, falling just 0.68% in the past four hours, according to price data from Coingecko.

This latest transaction adds to Buterin's growing list of notable transfers and highlights his involvement in the cryptocurrency market.