Some believe Vitalik may be prepared to sell his ETH, while others believe he’s bridging holdings to Coinbase’s layer 2 blockchain, Base.
noted that Vitalik withdrew 1000 ETH from MakerProtocol yesterday, after repaying $257,000 in RAI.
Vitalik never clarified what the transfer was about, but inflows to exchanges are generally viewed as a sign that investors intend to sell their coins for fiat or other cryptos. Vitalik has admitted to selling his ETH on multiple occasions, alongsideAnalysts from Nansen told CoinTelegraph that Vitalik’s exchange of choice was out of the ordinary.
“Based on the wallet’s history, ETH transfers in the past have typically been to Kraken,” the analysts said. “However, it’s hard to say what’s the purpose of the transfer so we aren’t able to offer much more insight.”that Vitalik might be bridging his holdings to Coinbase’s layer 2 blockchain Base, to use the network’s newly popular social media dapp, Friend.Tech.
The platform lets users sell shares of certain Twitter accounts and social profiles. Over the past 24 hours, its already generated $1.42 million in fees – more than the popular DEX Uniswap.of the app, cautioning that it may be a “pump and dump” that dies within weeks.
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