Musk announced on Wednesday that TeslaWill stop accepting Bitcoin payments, causing the cryptocurrency to tumble across the board. A few hours earlier, Vitalik Butlin (Vitalik Buterin), the founder of ethernet place, moved the $1.3 billion ethernet place from his main public address to another wallet, almost all of the cryptocurrency he held.
Butlin disclosed his main Ethernet Square address in 2018, and until recently, the wallet contained more than 320000 Ethernet Square. Then, at 01:18 EDT on Wednesday (01:18 Beijing time on Thursday), he moved 325001 of them to another contract address established about 21 hours ago, with only $10, 000 worth of Ethernet Square left in his main wallet. still at the price before the crash.
This appears to be Butlin's biggest asset transfer to date. Just before the transfer, the nominal leader of Ethernet Square sent 5000 Ethernet coins to the same address, valued at $20.5 million at the time.
However, it is not clear what Butlin is doing this for.
According to Nicholas Gans, R & D director of encrypted data and intelligence provider Inca Digital, Butlin's new address is "generated by gnosis safe, a platform that allows users to manage assets on the ethernet block chain and supports multi-signature transactions." Other benefits include potential privacy improvements and security guarantees as the contract is formally verified, he said.
Leeor Shimron, vice president of digital asset strategy at Fundstrat Global Advisors in New York, said he did not see the transfer as a sign that Butlin had cashed in or pulled out of ethernet. "I don't think he has any intention of selling Ethernet Fong," Shimron said. But given the recent price increases, he may want to sell some of them. "