Ethereum founder Vitalik Buterin allegedly sold 3000 ETH. The transaction took place around the time of the big crash on the FTX crypto exchange.
Vitalik sold around 3,000 ETH for around $4 million USDC. News emerged over the weekend that Ethereum (ETH) founder Vitalik Buterin released a large amount of ETH tokens. Vitalik’s transaction, according to the wallet manager, took place during a major crash on the FTX crypto exchange. According to MistTrack, Vitalik sold around 3,000 ETH for around $4 million USDC. On November 12, the three separate transactions were completed on Uniswap V3. Vitalik’s move comes at an interesting time, as the crypto community struggles to recover from the damage from the FTX crisis. For example, the daily price of Ethereum during trading is $1,261. After effects from FTX Turmoil.
Vitalik Buterin did this after the FTX bankruptcy
Almost a week ago, the value of ETH fell by more than 17%. At the time of writing, the price of Ethereum is $1,232. According to the first report, hackers stole more than $600 million from the FTX cryptocurrency exchange in a series of different attacks. Thieves took part of the politics from Tether to DAI and many other cryptocurrencies. Recently, Vitalik brought up the fall of FTX that happened earlier today. The founder of Ethereum made an observation of compliance when he said that the FTX crash and other things are another matter. He explained by saying that it is also a shame about EA’s discussion with ted, which SBF is based on well.
However, SBF’s FTX crisis triggered a market crash. As a result of this disaster, almost $120 billion in cryptocurrency market capitalization was lost within a few days. Currently, the total market value is $831 billion.
