Vitalik’s 400 ETH deposit to Coinbase is the tip of the iceberg when it comes to the number of ETH sent to multiple CEXs in the last 10 days. Although the exact amount and destinations of the transfers can’t be revealed, it is notable that Ethereum founder Vitalik Buterin has been actively sending large amounts of ETH to different centralized exchanges. The total amount sent to multiple CEXs in the last 10 days was 2421 ETH (roughly $1.57 million at current prices).
This significant amount of funds hints that Vitalik might be preparing to launch a new project or to purchase a substantial amount of some digital asset. For instance, some speculations have suggested that Buterin could be using ETH to purchase Aragon Network tokens, a decentralized, autonomous organization built on the Ethereum blockchain.
Regardless of his ultimate intentions, it’s clear that Vitalik’s transfers of Ethereum to different centralized exchange is a clear sign that he expects to have a significant demand for ETH in the near future. As such, his moves could likely end up having a positive effect on the price of Ethereum in the days to come.