Advertisement
AD

Main navigation

Vitalik Buterin Makes Massive $300,000 Transfer

Advertisement
Sun, 7/07/2024 - 10:22
Vitalik Buterin Makes Massive $300,000 Transfer
Cover image via youtu.be

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Read U.TODAY on
Google News

Vitalik Buterin has been spotted making a substantial transfer, and some investors assumed that he is making a strategic move or selling some of his holdings. However, that is not the case here.

Advertisement

According to the transfer details, 99.9 ETH was sent to the contract address starting with 0x82 for the Gnosis Safe Proxy. This contract is known for requiring multiple signatures in order to complete a transaction.

Related

Well-known for encouraging Ethereum adoption and lending support to projects that share Ethereum's decentralized philosophy is the 2077 Collective, Buterin continues to demonstrate his dedication to the development of the Ethereum community by contributing to this collective.

Advertisement

Given that Buterin is well-known for his charitable endeavors and backing of initiatives that improve the Ethereum ecosystem, this move is not surprising. Community-driven initiatives are encouraged to receive more support and involvement as a result of the transparency of blockchain transactions, which makes these contributions visible to the community.

Related

Vitalik Buterin rarely sells substantial amounts of funds in the open like that, so the majority of transactions from this address are related to charitable giving, regular redistribution or some other types of operations.

He quite often uses tools like Gnosis Safe, Tornado Cash and other services that somewhat remove traces in the blockchain space, enabling privacy, yet preserving some level of transparency. The last major sale spotted on Buterin's address goes back to the first quarter of 2024, when Ethereum was trading at around $3,500.

Related articles

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement
Advertisement

Recommended articles

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles

Advertisement
AD