Bitrabo Editorial
Vitalik Buterin, the co-founder of Ethereum, recently carried out a substantial ETH transaction, raising curiosity about the recipient of the funds.
Buterin’s Contribution to Ethereum-Oriented Organization
In a transfer on July 6, Buterin sent around 99.9 ETH tokens valued at approximately $300,000 to a wallet address commencing with 0x82 for the Gnosis Safe Proxy. This move, identified by blockchain analytics platform Arkham Intelligence, was completed through one of Buterin’s primary wallet addresses.
Speculations suggest that the 100 ETH likely went to the 2077 Collective, a community-focused organization dedicated to promoting Ethereum’s adoption in the crypto space and beyond.
The 2077 Collective comprises creatives, researchers, developers, and marketers working towards enhancing Ethereum’s growth and innovations. They have expressed intentions to expand Ethereum’s reach and impact.
By supporting the goals of the 2077 Collective, Buterin’s donation aims to empower its members and potentially contribute to Ethereum’s further development.
Significant transfers by prominent figures like Buterin usually incite speculation, prompting the market to analyze the reasons behind such actions and their potential impact.
Against Ethereum’s current price fragility, with recent declines causing concern, any transaction involving one of the cryptocurrency’s founders is bound to attract considerable attention.
Despite the recent price volatility, Ethereum’s trading volume has surged by 66.73%, indicating sustained investor interest and demand for the altcoin.
Buterin’s Generous Ethereum Contributions
Buterin’s latest 100 ETH transaction adds to a series of ETH transfers he has made over the years. He revealed earlier in 2023 that he had not sold any Ethereum for personal gain since 2018.
His ETH transfers primarily serve as donations to charity, non-profit organizations, or causes like those related to COVID. Buterin is renowned for his charitable initiatives in the crypto sector.
Despite holding a substantial portfolio, mostly in Ethereum, Buterin consistently donates and contributes to the crypto community and broader societal causes.
Data from Arkham Intelligence shows that Buterin’s wallet balance is around $1.99 million, with a significant portion in Ethereum, totaling about 357,273 ETH, alongside other prominent altcoins.