Vitalik Buterin moved 600 ETH to U.S. cryptocurrency exchange Coinbase as ether dropped almost 10% in the past week.
Vitalik's Ether sell strategymetrics show that Ethereum exchange reserves have dropped by 2.5 million ETH to a total of 14.9 million ETH since August 7. A decline in the total number of coins held on global exchanges signals traders are removing ether to cold-storage and can be interpreted as a sentiment to hold the digital asset, possibly until the climate improves and a positive catalyst manifests.
. The last time he transferred a significant portion of the digital asset to a centralized exchange was in May when o$396,000 at that time, to Kraken.
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