The Destination of Vitalik Buterin's 100 ETH

Vitalik Buterin, a Canadian computer engineer and Ethereum co-founder, recently completed a huge ETH transaction, generating intrigue in the monies' destination.

Buterin Gives Ethereum-Focused Organization 100 ETH
Buterin sent 99.9 ETH tokens worth $300,000 to a Gnosis Safe Proxy wallet address beginning with 0x82 on July 6. Arkham Intelligence and on-chain data corroborated the transaction, which used one of Buterin's principal wallet addresses.

According to reports, the 2077 Collective, a community-driven group, may get 100 ETH. Buterin sent the money to an Ethereum blockchain advocacy group.

The 2077 Collective is a collective of creatives, academics, developers, and marketers working to increase Ethereum acceptance and ecosystem development. The company also wants to encourage Ethereum's growth in crypto and beyond.

Buterin gave a large amount to empower 2077 Collective members and perhaps build the Ethereum blockchain to assist the creative group.

When a famous player like Buterin launches a large Ethereum transfer, the market speculates about the transaction's motivations and prospective market effects.

Ethereum's price movement is displaying hints of instability, thus a founder's transaction will grab notice. Over the last month, the cryptocurrency has fallen roughly 20% from its all-time highs.

Ethereum is now $3,062, down 11.82% in the last week, according to CoinMarketCap. Investors' enthusiasm in the altcoin is seen by its 66.73% trading volume increase despite the dips.

ETH Donations by Buterin
Buterin's 100 ETH transfer is one of countless ETH transactions throughout time. Buterin said in 2023 that he has not traded Ethereum for profit since 2018.

Ethereum co-founder reported that his ETH transactions were mostly contributions to charity, non-profits, and COVID-19 causes. Buterin is recognized for his crypto altruism, supporting his arguments.

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