Vitalik Buterin Moves $2m In ETH To Multisig Wallet
Vitalik Buterin transferred 800 ETH (worth $2.01 million) to a multisig wallet on Aug. 30. Shortly after, the multisig wallet swapped 190 ETH for 477,000 USDC.
This is not the first significant transfer by Buterin this month. On August 9, the ETH co-founder moved 3,000 ETH, valued at $8.04 million, to the same multisig wallet.
On June 12, 2023, Buterin transferred 1,000 ETH ($1.85 million) to a different multisig wallet, and in April 2023, Buterin moved 2,500 ETH ($4.6 million) to a cold storage wallet.
These transactions suggest Buterin is consolidating or reallocating funds, possibly for security or strategic purposes, but the precise reasons for the transactions remain unknown.
In October 2023, Vitalik Buterin posted on the decentralized social platform Warpcast, that he had not sold ETH for personal gain in over five years.
Instead, he wrote that he often uses his ETH holdings to support various communities and contribute to non-profit organizations.
For instance, in February 2023, Buterin donated Ethereum to aid victims of the 7.8 magnitude earthquake in Turkey.
Ether Surges 16% Amid Speculation Of US ETF Approval
New York, USA – Ether, the second-largest cryptocurrency by market capitalization, experienced a significant surge of ... Read more
BlackRock And The Institutional Embrace Of Bitcoin
BlackRock’s strategic shift towards becoming the world’s largest Bitcoin fund marks a pivotal moment in the financia... Read more
Robinhood Faces Regulatory Scrutiny: SEC Threatens Lawsuit Over Crypto Business
Robinhood, the prominent retail brokerage platform, finds itself in the regulatory spotlight as the Securities and Excha... Read more
Crypto Market Turns Red As Trump, US Tariff Threats Linger
Cryptocurrencies were indeed under pressure Saturday, days after U.S. tariff threats triggered market turbulence. The ma... Read more
This New Crypto Shows Potential Similar To POPCATs Rise
A new crypto contender is making waves, sparking curiosity as it’s compared to past success stories in a bullish marke... Read more
Crypto Community Votes To Rid BNB Chain Of MEV Issues
Binance founder CZ asked X followers if BNB Chain should eliminate/aggressively reduce MEV issues. 80% of respondents vo... Read more