Canadian computer programmer and co-founder of Ethereum Vitalik Buterin With the recent large-scale ETH transactions being executed, there has been increased interest in the destination of those funds.
Buterin Donates 100 ETH to Ethereum-Centric Organizations
July 6, Buterin Sent Approximately 99.9 ETH tokens, worth approximately $300,000, were transferred to a Gnosis Safe Proxy wallet address beginning with 0x82. The transaction, discovered by blockchain analytics platform Arkham Intelligence and confirmed with on-chain data, was executed using one of Buterin’s primary wallet addresses.
report The 100 ETH is believed to be headed by the 2077 Collective, a community-driven organization. Interestingly, Buterin donated the funds to an organization that continues to promote the adoption of the Ethereum blockchain.
The 2077 Collective is a group of creatives, researchers, developers, and marketers dedicated to improving Adoption of EthereumIt aims to promote further growth and development within the ecosystem. The organization also Exposed Plan to promote Scaling Ethereum Inside and outside the cryptocurrency space.
As part of his efforts to support the goals of the innovative organization, Buterin has donated significant amounts of money to empower and potentially facilitate members of the 2077 Collective. The Growth of the Ethereum Blockchain.
Typically, when a high-profile person like Buterin initiates a significant Ethereum transfer, there tends to be widespread speculation as the market tries to figure out why the transaction is happening and what potential impact it could have on the market.
Now we are seeing the price action of Ethereum. Signs of weaknessA deal by one of the cryptocurrency founders will grab the attention of the market. The cryptocurrency is trading below its all-time high and is continuing to decline. crash That’s an increase of about 20% over last month.
As of this writing, Price of Ethereum According to CoinMarketCap, it is at $3,062, down 11.82% from last week. DiminishThe cryptocurrency trading volume increased by 66.73%, showing continued interest and demand from investors for this altcoin.
Buterin’s Charitable ETH Contribution
Buterin’s recent transfer of 100 ETH is one of them. ETH Trading It started over the years. In early 2023, Buterin said he I have never sold Ethereum for personal gain. Since 2018.
At the time, the Ethereum co-founder revealed that his ETH transfers were primarily: donate to charityNon-profit organizations or Corona related causes. While solidifying his position, Buterin is well known in the cryptocurrency space for his generosity.
The cryptocurrency founder is constantly Charitable donations And his efforts to continue to grow and innovate in this space. Although he has a significant amount of wealth, Buterin continues to contribute to the cryptocurrency community and the world in a variety of ways.
According to Arkham Intelligence, Buterin’s wallet holds approximately $1.99 million, with most of the assets held in Ethereum. To be precise, the wallet holds approximately 357,273 ETH, along with a portfolio of other popular altcoins.
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