Ethereum

Safe

Arkham

Collective

Gnosis

Canadian computer programmer and co-founder of Ethereum, <a href="https://bitcoinist.com/ethereum-buterin-fortifies-the-future-of-finance/">Vitalik Buterin</a> recently executed a large-scale ETH transaction, sparking interest in the destination of the funds.&nbsp; 
<h2 id="buterin-donates-100-eth-to-ethereum-focused-organization">Buterin Donates 100 ETH To Ethereum-Focused Organization</h2> 
On July 6, Buterin <a href="https://platform.arkhamintelligence.com/explorer/address/0xd8dA6BF26964aF9D7eEd9e03E53415D37aA96045" rel="nofollow noopener" target="_blank">transferred</a> approximately 99.9 ETH tokens valued at about $300,000 to a wallet address starting with 0x82 for the Gnosis Safe Proxy. The transaction, spotted by blockchain analytics platform Arkham Intelligence and confirmed by on-chain data, was executed using one of Buterin’s main wallet addresses. 
<a href="https://x.com/wublockchain/status/1809572620700119231?s=46" rel="nofollow" target="_blank">Reports</a> have indicated that the destination of the 100 ETH is suspected to be a community-driven organization, the 2077 Collective. Interestingly, Buterin donated the funds to an organization that consistently promotes the adoption of the Ethereum blockchain. 
The 2077 Collective is a group of creatives, researchers, developers and marketers dedicated to improving <a href="https://bitcoinist.com/ethereum-holding-bitcoin/">Ethereum’s adoption</a>, aiming to fuel more growth, and advancements within the ecosystem. The organization has also <a href="https://x.com/datawalletcom/status/1809574162874196001?s=46" rel="nofollow" target="_blank">revealed</a> plans to promote <a href="https://www.newsbtc.com/news/ethereum-eth-likely-to-expand-because-of-on-chain-enhancements/" rel="nofollow noopener" target="_blank">Ethereum’s expansion</a> within the crypto space and outside of it.&nbsp; 
In his efforts to support the goals of the innovative organization, Buterin donated a significant sum to empower members of the 2077 Collective and potentially facilitate the <a href="https://bitcoinist.com/new-feature-set-to-boost-ethereum-transactions/">growth of the Ethereum blockchain</a>. 
Typically, when a prominent figure like Buterin initiates a substantial Ethereum transfer, it tends to lead to widespread speculation as the market tries to figure out the reasons behind the transaction and the potential implications on the market.&nbsp; 
Now that Ethereum’s price action is showing <a href="https://www.newsbtc.com/analysis/eth/ethereum-settles-below-3k/" rel="nofollow noopener" target="_blank">signs of fragility</a>, a transaction from one of the cryptocurrency’s founders is sure to capture the market’s attention. The cryptocurrency is trading below all-time highs, consistently witnessing declines that have led to <a href="https://www.newsbtc.com/news/ethereum/doomsday-for-ethereum-a-crash-down-to-1500-is-coming/" rel="nofollow noopener" target="_blank">a crash</a> of almost 20% over the past month. 
At the time of writing, <a href="https://www.newsbtc.com/news/ethereum/analyst-predicts-ethereum-nosedive-cautions-investors-to-prepare-for-2700-target/" rel="nofollow noopener" target="_blank">Ethereum’s price</a> is $3,062, reflecting an 11.82% decrease in the last week, according to CoinMarketCap. Despite the <a href="https://www.newsbtc.com/analysis/eth/ethereum-dives-below-3k-2/" rel="nofollow noopener" target="_blank">declines</a>, the cryptocurrency’s trading volume is up by 66.73%, underscoring investors’ continued interest and demand for the altcoin.&nbsp; 
<h2 id="buterin-s-philanthropic-eth-contributions">Buterin’s Philanthropic ETH Contributions</h2> 
Buterin’s recent 100 ETH transfer is one of many <a href="https://www.newsbtc.com/news/ethereum/ethereum-founder-70000-eth-sale/" rel="nofollow noopener" target="_blank">ETH transactions</a> initiated over the years. Earlier in 2023, Buterin revealed that he had <a href="https://bitcoinist.com/ethereum-vitalik-buterin-tokens/amp/">never sold any Ethereum for personal gains</a> since 2018. 
At the time, the Ethereum co-founder disclosed that his ETH transfers were primarily <a href="https://bitcoinist.com/ethereum-buterin-donates-to-quake-victims/">donations to charity</a>, non-profit organizations or <a href="https://www.newsbtc.com/news/ethereum/ethereums-vitalik-buterin-polygons-sandeep-nailwal-donate-100-million-to-covid-19-research/" rel="nofollow noopener" target="_blank">COVID-related causes</a>. Solidifying his claims, Buterin is well known for his generosity within the crypto space.&nbsp; 
The crypto founder has constantly made headlines for his <a href="https://bitcoinist.com/ethereums-vitalik-buterin-donates-600k-for-india-covid-relief-campaign/">philanthropic contributions</a> and efforts to sustain growth and innovation in the space. While he holds a significant amount of assets, Buterin persistently contributes in different ways to the crypto community and the world. 
Data from Arkham Intelligence revealed that Buterin’s wallet holds approximately $1.99 million, with the majority of his assets in Ethereum. Precisely, the wallet holds about 357,273 ETH and a varied portfolio of other prominent altcoins.&nbsp; 
<img loading="lazy" decoding="async" class="size-medium" src="https://www.tradingview.com/x/rzx7Psuz/" alt="Ethereum price chart from Tradingview.com (Vitalik Buterin)" width="3286" height="1578">

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

Table of Contents

Bitcoinist

Other articles published on Jul 8, 2024

Emerging $PEPE Rival Attracts Crypto Whales with Significant Gains

Notcoin & Saga See Gains – 3 Other P2E Tokens to Watch

Legal Expert Praises Bitcoin, Labels It Freedom Against Financial Control, Here’s Why

Oil King Pepe (OILPEPE) Buyer Makes Huge 6,500% Profit, But Holds For Another 20,000% Rally

Paris Stock Exchange: Opening in Free Fall After Legislative Elections

Riot Launches Campaign for Board Overhaul at Bitfarms

Join our free newsletter for daily crypto updates!