According to Onchain Lens monitoring, a wallet address (0xD04) associated with Ethereum co-founder Vitalik Buterin has transferred 7,000 ETH (worth approximately $11.06 million) to a new address today. Historical transaction records indicate that such transfers often lead to a centralized exchange (CEX) deposit. Previously, the same wallet moved 1,300 ETH (worth ~$31.6 million) to Paxos. The wallet currently holds 20,001 ETH (valued at $31.6 million).
Blockchain tracking platform Onchain Lens reported that a wallet address (0xD04) linked to Ethereum co-founder Vitalik Buterin has transferred 7,000 ETH (approximately $11.06 million) to a newly created address. Based on the wallet's historical transfer patterns, this ETH is likely to be deposited into a centralized exchange (CEX).
Earlier, the same wallet had transferred 1,300 ETH (worth ~$31.6 million) to the Paxos custody platform. The wallet currently holds 20,001 ETH, valued at approximately $31.6 million at current prices. Market participants often interpret such large transfers as potential selling pressure signals, though the specific intent remains unconfirmed.
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