Ethereum Founder Vitalik Buterin Moves 100 ETH, Here’s The Destination

Canadian computer programmer and co-founder of Ethereum. Vitalik Buterin Recently, a large ETH transaction was carried out, raising interest in where the funds are going.

Buterin donates 100 ETH to Ethereum-focused organization

July 6, Buterin Transferred Approximately 99.9 ETH tokens, worth roughly $300,000, were sent to a Gnosis Safe Proxy wallet address beginning with 0x82. The transaction, which was spotted by blockchain analytics platform Arkham Intelligence and confirmed by on-chain data, was carried out using one of Buterin’s main wallet addresses.

Reports It is speculated that the 100 ETH will go to the community-led organization, 2077 Collective. Interestingly, Buterin donated the funds to an organization that has consistently promoted the adoption of the Ethereum blockchain.

The 2077 Collective is a group of creatives, researchers, developers, and marketers. Ethereum AdoptionThe organization aims to foster further growth and progress within the ecosystem. Revealed Plan to promote Ethereum Expansion Both in and outside the cryptocurrency space.

To support the goals of this innovative organization, Buterin empowered members of the 2077 Collective to: The growth of the Ethereum blockchain.

Typically, when a high-profile figure like Buterin begins transferring large amounts of Ethereum, it tends to spark widespread speculation as the market tries to unravel the reasons behind the transaction and its potential impact on the market.

Now that Ethereum price fluctuations are clear Indications of vulnerabilityThe transaction by one of the cryptocurrency’s founders is sure to attract market attention. The cryptocurrency has been trading below its all-time high and has been on a consistent downward trend. collision It’s up about 20% in the past month.

At the time of writing, Ethereum Price According to CoinMarketCap, it is trading at $3,062, marking an 11.82% drop since last week. DecreasedCryptocurrency trading volume has increased by 66.73%, confirming continued investor interest and demand for altcoins.

Buterin’s charitable donation to ETH

Buterin’s recent transfer of 100 ETH was ETH Trading In early 2023, Buterin said: I have never sold any Ethereum for personal gain. Since 2018.

At the time, the co-founder of Ethereum said that ETH transfers were mainly Donating to charitynon-profit organizations or COVID-related causesSupporting his claims, Buterin is well known for his generosity in the cryptocurrency industry.

The founder of the cryptocurrency Charitable Donations Despite his wealth, Buterin continues to contribute to the crypto community and the world in many ways.

According to data from Arcam Intelligence, Buterin’s wallet holds around $1.99 million, with the majority of his assets in Ethereum — to be precise, the wallet holds around 357,273 ETH, plus a diversified portfolio of other prominent altcoins.

ETH Price Surpasses $3,000 | Source: ETHUSDT on Tradingview.com

Featured image created by Dall.E, chart taken from Tradingview.com

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