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A wallet linked to Vitalik Buterin transferred 7,000 ETH, equivalent to $11.06 million, to a new wallet after a year of inactivity. This action could indicate plans to deposit to a centralized exchange, as was the case with previous transfers.
Previously, 1,300 ETH ($3.19 million) were transferred from this wallet and then deposited into Paxos. Currently, the wallet still holds 20,001 ETH, which amounts to $31.6 million.
Some users on Twitter speculate that Buterin may have insider information about a possible crypto market crash, which could explain his actions to dispose of assets before a potential collapse.