What’s His Game Plan? By U.Today

In a notable development, Ethereum founder Vitalik Buterin has made substantial moves in the cryptocurrency market by depositing millions of USDC into major exchanges, provoking speculation about his strategic objectives.

Buterin’s address, vitalik.eth, recently received an impressive 14.93 million USDC from Kanro just four days ago, which he quickly deposited into Gemini just before the market experienced its initial surge.

The intrigue deepened when he added 500,000 USDC to Coinbase merely two days later. These actions have sparked a flurry of speculation, especially considering that Buterin had previously transferred his holdings to various exchanges, a maneuver interpreted by many in the crypto community as a bearish signal.

However, his latest actions suggest a shift in strategy, as he appears to be accumulating stablecoins rather than tokens—leading to speculation about a potential bullish outlook.

This change in Buterin’s investment approach seems particularly timely, coinciding with a significant surge in the crypto market. For instance, one prominent cryptocurrency witnessed a jump of over 13%, while another saw a 5% increase.

Despite these dramatic moves, the mystery surrounding Buterin’s intentions persists. Tracking further transactions on his exchange accounts remains challenging, leaving the crypto community to speculate on what his ultimate goal may be. Until the elusive Ethereum founder reveals his next step, questions abound regarding his long-term plans.