In response to blockchain safety agency PeckShieldAlert, Ethereum creator Vitalik Buterin lately moved 200 ETH to the Kraken crypto alternate.

Traders typically transfer their crypto to exchanges once they want to promote. This typically attracts a transaction value, which could indicate there’s an intent behind such strikes.

#PeckShieldAlert vitalik.eth has transferred 200 $ETH to Kraken throughout the final 1 hourhttps://t.co/1kkcQ1ZAbO pic.twitter.com/9T4VC0fSmX

— PeckShieldAlert (@PeckShieldAlert) March 13, 2023

That mentioned, the Ethereum creator probably wanted the funds for a particular objective, equivalent to funding a recent undertaking or protecting expenditures, though the precise cause for the transaction stays unknown.

On the time of writing, ETH was up 13% prior to now 24 hours at $1,656.

Reflexer obtained 500 Ethereum from Vitalik Buterin’s designated handle over the weekend, in accordance with PeckShieldAlert. Later, he minted the 150,000 Rai Reflex Index (RAI).

The handle subsequently exchanged 17,500 RAI for 50,000 DAI, after which 132,500 RAI for 378,500 USDC.

Previously week, Buterin offered a few of his altcoin holdings, later declaring that the cash had “no cultural or ethical worth.”

For 58 ETH, Buterin offered 9.9 billion CULT tokens, CultDAO’s native token. As well as, he offered his BITE and MOPS stakes. The gross sales got here to 220 ETH in whole.