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Vitalik Buterin moves 400 ETH, sparking speculation about Railgun involvement.
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In 2024 Buterin transferred 662 Ether to Railgun, demonstrating strong privacy support.
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Buterin donates 532K ETH to Animal Welfare Fund highlighting his charitable work.
Vitalik Buterin, co-founder of Ethereum, transferred 400 ETH ($1,05 million) to a possible address linked to Railgun. Railgun is a privacy protocol. This move adds fuel to speculation that Buterin continues his support for privacy-enhancing technology in the crypto sector.
Buterin has been a frequent Railgun-user over the past ten months, sending them a total 662 ETH ($1.91 million) in 2024. This latest transaction confirms his support for privacy in the crypto-world, following a $500K ETH transfer made to an unidentified address last week.
This transfer follows the pattern that was observed earlier in August when Vitalik Buterin made headlines for a large transfer to a wallet with multiple signatures. This was part a flurry activity involving large amounts ETH being transferred around Ethereum’s networks.
As reported by Lookonchain, Buterin’s “vitalik.eth”, wallet received a hefty 3,000 ETH on August 5th. This shows Buterin’s continued involvement with the Ethereum network, and his preference for multisignature wallets in order to keep his funds secure.
Buterin isn’t just moving money around, he also gives back. He donated $532,000 in ETH to the Effective Altruism Fund Animal Welfare Fund.
This donation was made from the sale of various animal-themed memes that were sent to him over the course of the year. Buterin had a large number of these popular coins within the Ethereum community.
As of the time of publication, Ethereum (ETH), with a trading volume totaling $9.94 billion, was priced at $2.635.93. Ethereum has seen a 1.25% increase in the last 24 hours. It is still the second largest cryptocurrency by market capital, which is approximately $317 billion. The circulating supply for ETH is 120.286,512 coins. However, the maximum supply has not yet been specified.
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