A wallet tied to Ethereum co-founder Vitalik Buterin has caught the crypto community’s attention due to recent large ETH transfers to external addresses.

As market watcher Lookonchain highlighted, the source wallet “0xD04daa” transferred 1,300 ETH, worth approximately $3.17 million, to the anonymous address “0x5567A” a few hours ago.

This latest transaction from the Ethereum address associated with Buterin comes at a time when ETH is witnessing a significant bull run. Ethereum has pumped by 6.3% today, trading at $2,450. This sparks speculation about whether the moved funds are for strategic profit-taking.

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