The Australian info The transfer of ETH by Buterin or the Ethereum Foundation is normally followed by a fall in ETH’s cost. There is a possibility of Buterin going for a huge selloff. Ethereum [ETH] co-founder Vitalik Buterin moved 600 ETH worth $1 million to crypto exchange Coinbase [COIN] on 21 August. On 20 August, Buterin had paidback 251,000 RAI and withdrew $1.6 million in ETH. RAI is an ETH-backed non-pegged stablecoin. vitalik.eth paidback 251K $RAI on #Maker and withdrew 1,000 $ETH($1.67M) theotherday. Then transferred 600 $ETH($1M) to #Coinbase 5 hrs ago.https://t.co/pw8ekIYSs1 pic.twitter.com/rkJo42OSlq — Lookonchain (@lookonchain) August 21, 2023 The relocation is unexpected as the crypto market is seeing a significant downturn onceagain. The rates of Bitcoin [BTC] and ETH decreased by more than 10% over the last week. At press time, BTC was trading at a little above $25,900 and ETH was trading at a little above $1,650. What the Ethereum transfer suggests inthemiddleof a bearish market… The transfer of ETH tokens by Vitalik But
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