Vitalik Buterin-linked wallet deposited 330 ETH, valued at about $1.02 million, into Paxo, according to OnchainLens on January 11, 2026. The transfer was tracked via blockchain explorer data, with Arkham Intelligence providing verification for the move. OnchainLens described the deposit as a notable whale transfer in the Ethereum market.
Paxo is described as a platform known for its stablecoin services and institutional-grade custody solutions. These characteristics may attract large holders seeking regulated liquidity and custody options amid fluctuating market conditions.
The transaction highlights ongoing whale activity in Ethereum and could influence sentiment and potential trading strategies as institutions consider Paxo for liquidity and custody needs. The move underscores ongoing whale activity in the Ethereum market and may have implications for near-term liquidity dynamics and institutional participation in Paxo’s custody ecosystem.
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