Vitalik Buterin Sends $632K Worth of ETH to Coinbase Amid Sales Preparations!
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Ethereum co-founder Vitalik Buterin has transferred 400 ETH, worth around $632,000, to centralized exchange Coinbase, leading to speculation that sales preparations are being made. Meanwhile, on-chain activity, sentiment, and the price of the cryptocurrency have all been dwindling. The asset’s price, sentiment, and momentum remain flat and did not move in line with bitcoin last week. Observers have noted a decline in the number of ETH whales, those with balances greater than 10,000, and the negative funding rates on derivatives markets, which suggest futures traders have adopted a pessimistic outlook on ETH.
