Buterin transferred $8 million of ETH to a multi-signature wallet, and Sun Ge transferred 4,500 ETH to Binance. Is it going to plummet?

Ethereum co-founder Vitalik Buterin recently transferred 3,000 ETH worth about $8 million to a multi-signature security wallet. The gas fee for this transfer was only about 0.1 ETH (equivalent to $270). The specific reason for the transfer is not yet clear, and there is speculation that it may be a donation.

In the face of online doubts about high gas fees, Buterin made it clear that security is far more important than high gas fees. He emphasized that the security of the wallet is the primary consideration, and there should be no excessive concern about the fluctuating gas fees on Ethereum. Despite the recent decline in gas fees, Ethereum's fee level in 2024 remains high overall. This view reflects Buterin's high attention to security in the Ethereum ecosystem.