Vitalik Buterin, the co-founder of Ethereum (CRYPTO: ETH), has made a significant deposit to the cryptocurrency exchange Coinbase.
What Happened: According to data from the Ethereum blockchain scanning website etherscan, Buterin deposited 400 ETH, equivalent to approximately $632,000, to Coinbase on Monday.
This move by Buterin comes at a time when the cryptocurrency market has experienced a noticeable downturn, with Ether, the second-largest cryptocurrency by market capitalization, seeing a 3% decline over the past week.
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