Vitalik Buterin transferred a large amount of Ethereum to Coinbase!

Buterin transferred 500 Ether (about $1.1 million) to Coinbase Custody Wallet, according to a post by blockchain tracking platform Lookonchain.

The cryptocurrency community reacted differently to Buterin's transfers. While some users claimed that Buterin was going to sell Ether, others said that it could have been a donation and that it was just FUD.

Buterin continues Ether transfers Vitalik Buterin made a similar transfer last September. The Ethereum founder transferred 400 Ether to Coinbase, which was about $632,000 at the time.

Buterin also made various transfers to Kraken and Paxos in September, raising speculation about the issue.