Ethereum (ETH) Founder Vitalik Buterin Traded a Large Amount in This Altcoin! The Price Reacted Reversely!

A new move came from Ethereum ($ETH) co-founder Vitalik Buterin, who has positively affected the market and the price of the relevant altcoin with his posts and statements.

Accordingly, Vitalik Buterin unlocked StarkNet ($STRK) worth $469.51 thousand.

Vitalik Buterin, one of the first individual investors of StarkNet, withdrew the $STRK tokens that were reserved for him and waiting locked to his wallet.

According to Arkham data, Ethereum co-founder Vitalik Buterin unlocked and withdrew 1.268 million $STRK (worth $469,510) from Starknet’s locked token grant address starting with 0xAcc to the Gnosis Secure Proxy address (starting with 0x220).

Vitalik Buterin currently holds a total of 2.113 million $STRK worth around $781,000, making it the most valuable altcoin in his wallet after $ETH.

Buterin has not yet made any transactions with more than 1 million $STRK tokens, and it is not yet known what he will do.

However, while Buterin unlocking and withdrawing $STRK tokens to his wallet increases the likelihood of a sale, analysts do not expect the sale of approximately $470,000 to have a significant impact on the price, considering $STRK’s daily volume and market value.

Apart from Ethereum ($ETH) and $STRK, Buterin's wallet also contains various altcoins such as WETH, KNC, SDOG, DEGEN.

$STRK, which spiked to $7 after being listed on Binance in February but then retreated to $1, has been on the rise in recent hours and continues to trade at $0.38 at the time of writing, up 5%.

*This is not investment advice.