Vitalic-related wallet transfers 330 ETH to Paxos in a large transfer worth approximately $980,000

A notable on-chain trading signal has been detected within the community. A wallet address associated with Vitalik Buterin has transferred a large amount of Ether to Paxos exchange. This transaction amounts to approximately $980,000 USD, representing a significant fund movement in the cryptocurrency market.

Token Movement Detected by On-Chain Analysts

According to PANews, on-chain analysis expert Ai Yi(Ai Yi) recently discovered that 330 ETH was deposited into Paxos from an address related to Vitalik Buterin. This transaction occurred over the past few days, and based on Ethereum’s current market price of $2,970, it constitutes a substantial fund transfer in USD terms.

On-chain data serves as an important indicator for tracking large-scale fund movements in the crypto ecosystem in real-time. Transactions involving addresses linked to key figures like Vitalik attract significant market attention.

Transaction History of Vitalik Buterin’s Wallet and Its Connection to Paxos

This address has a history of transactions with Vitalik’s official ENS account, vitalik.eth. About two years ago, it received 50.1 ETH from vitalik.eth, indicating a long-standing association between the two addresses. The deposit of tokens into Paxos from addresses related to Vitalik is the second such occurrence since January 2025.

Such transaction patterns are valuable for analyzing the intentions behind fund allocations by prominent figures in the crypto market. Paxos is a major US-based exchange known for regulatory compliance and transparency.

Significance of Fund Movement in USD Terms

The recent transfer of Ethereum worth approximately $980,000 USD is an institutional-scale transaction beyond individual investors. Given Ethereum’s current trading level of $2,970, the 330 ETH represents a meaningful amount in the market. This large-scale fund movement is closely watched by market participants.