Ethereum Co-Founder Vitalik Buterin Sells Multiple Tokens for 16,796 USDC
On-chain data shows Vitalik Buterin converted UNI, KNC, and DINU to USDC in recent transactions, marking a significant asset shift from his Ethereum-associated wallet.
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Summary
Ethereum co-founder Vitalik Buterin sold 1,400 UNI worth approximately $7,480, 10,000 KNC valued at about $2,470, and 40 trillion DINU tokens, receiving a total of 16,796 USDC. The transactions, executed around five hours ago, were tracked via the vitalik.eth wallet, highlighting notable token movements from a prominent address.
Terms & Concepts
- USDC: A U.S. dollar-backed stablecoin issued by Circle, designed to maintain a 1:1 value with the U.S. dollar.
- UNI: The governance token of Uniswap, a decentralized exchange (DEX) operating on the Ethereum blockchain.
- KNC: The native token of Kyber Network, a liquidity protocol used to facilitate token swaps in decentralized finance (DeFi).