Ethereum

2024

USDC

Ethereum founder Vitalik Buterin made a significant crypto transaction today, transferring 800 ETH worth around $2.01 million to a multi-signature wallet, according to blockchain analytics firm Lookonchain. Shortly after, Buterin traded 190 ETH for 477,000 USDC.
<h2 id="vitalik-buterin-transfers-800-eth-to-multi-signature-wallet-swaps-190-eth-for-usdc">Vitalik Buterin Transfers 800 ETH to Multi-Signature Wallet, Swaps 190 ETH for USDC</h2>
Buterin had previously stated that he had not sold ETH for personal gain since 2018, instead opting to donate to charities and non-profits. This latest transaction has sparked interest in the crypto community, with many speculating on the potential use of the funds.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 vitalik.eth(<a href="https://twitter.com/VitalikButerin?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@VitalikButerin</a>) transferred 800 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($2.01M) to a multisig wallet again 40 minutes ago.
 The multisig wallet swapped 190 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a> for 477K <a href="https://twitter.com/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$USDC</a> later.
 On Aug 9, <a href="https://twitter.com/hashtag/Vitalik?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Vitalik</a> also transferred 3,000 <a href="https://twitter.com/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$ETH</a>($8.04M) to this multisig wallet.<a href="https://t.co/81Vf39bvbL" rel="noopener noreferrer nofollow">https://t.co/81Vf39bvbL</a> <a href="https://t.co/6IlwtcqvPg" rel="noopener noreferrer nofollow">pic.twitter.com/6IlwtcqvPg</a>
 — Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1829407124520374565?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 30, 2024</a>
</blockquote>
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The use of a multi-signature wallet suggests heightened security measures, indicating that these funds may be going to an important cause. The conversion of ETH to USDC, a stablecoin pegged to the US dollar, may indicate a donation, investment, or operational spending plan.
Buterin’s actions continue to garner attention in the cryptocurrency world, as he remains a vocal advocate for using digital assets to support charitable causes. The exact purpose of today’s actions has not yet been disclosed.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/ethereum-founder-vitalik-buterin-sent-significant-amount-of-ethereum-to-an-unknown-wallet-here-are-the-details/" rel="noopener noreferrer nofollow">Ethereum Founder Vitalik Buterin Sent Significant Amount of Ethereum to an Unknown Wallet! Here Are the Details</a>

Ethereum Founder Vitalik Buterin Sent Significant Amount of Ethereum to an Unknown Wallet! Here Are the Details

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