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The crypto market continues to be volatile, habit swings throughout the day and many investors are looking to liquidate and lock in profit. When we see Vitalik Buterin do 325k, for him that is nothing and he did that at about $1,545. That is something important to know because if you look at the current price of Ethereum, we are seeing a substantial increase from the level. Another possibility for the Buterin need funds, it could be for a purpose. It could have been for a new project and it could have been a project on the Ethereum network or just paying for expenses in some kind of crypto endeavor. Whatever the reason for the transaction, it is still left to be unclear. However, he is known for making some of these transactions just like we all trade crypto.
When the co-founder of the number 2 crypto in total market capitalization makes a move, it is something worth noting. This is kind of somewhat of a tax maneuver possibility, we could see some donations, and we could see some philanthropy going on with this transaction as we look are what could be causing this move. It could just be him rebalancing his portfolio or making room and kind of switching his wallets up. We see this big whale line maneuver when it comes to Ethereum and all other cryptos. You have to follow the money but you also have to take it with a grain of salt because it could be absolutely nothing and you could get into a bad situation where you miss out on potential profits by following the leader in making moves.
https://twitter.com/Prime1322/status/1627012263235166209?s=20
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