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Vitalik continues to exchange large amounts of ETH for USD equivalent assets, with frequent on-chain transactions.
According to on-chain data monitoring service Onchain Lens, Ethereum founder Vitalik Buterin (wallet address 0xfeb…03b2) has recently been continuously exchanging ETH. In his latest transaction, he converted a total of 211 ETH for 491,000 GHO stablecoins. Currently, it is recorded that he has exchanged a total of 704 ETH for GHO assets valued at $1.65 million, and this ETH-to-stablecoin exchange activity remains quite stable, generally occurring approximately every two hours.
Scale and Pace of Large-Volume Operations
Based on transaction data, each of Vitalik’s ETH exchanges is around 200 ETH, with a total conversion value exceeding $1.65 million USD. The current ETH price is approximately $1,970, and GHO, a decentralized stablecoin launched by the Aave protocol, is pegged to $1. This ongoing and frequent ETH-to-dollar asset exchange activity reflects active adjustments to liquidity and asset allocation.
Signals Behind Stablecoin Exchanges
This series of large ETH exchanges has attracted community attention. Vitalik converting ETH into stablecoins like GHO is generally seen as a risk management signal or a specific expenditure plan. The strategy of frequent small ETH exchanges, compared to a single large transaction, indicates a more cautious market stance.