🔥Vitalik Buterin Transfers 400 Ether to Railgun Amid $ETH Price Surge

Vitalik Buterin Transfers 400 ETH to Privacy Mixer Amid Ether Surge

- Vitalik Buterin, co-founder of Ethereum, recently transferred 400 ETH (about $1.05 million) to Privacy Mixer Railgun, sparking significant interest. The move comes as Ether has gained 4% over the past week, currently trading at $2,619. Despite the recent decline, Ether's trading volume has increased by 45% to $10.2 billion.

Details on the transfer and use of Railgun

- Buterin's transfer to Railgun, an address starting with 0x1810, follows a previous deposit of 662 ETH over the past 10 months. His use of Railgun highlights his commitment to privacy in the crypto space. The community is also recording a recent transfer of $500,000 in ETH to an unknown address.

Market Flows and ETFs

- Ethereum has seen mixed ETF flows of late. While there was a net outflow of $14 million from Ethereum spot ETFs, #BlackRock’s ETHA and Fidelity’s FETH saw inflows of $76 million and $25 million, respectively. In contrast, Grayscale’s ETHE saw outflows of $118 million.

New Domain Registration

- Buterin also registered a new ENS domain, ‘dacc.eth,’ for 0.187 ETH (~$500), related to his concept of ‘defensive accelerationism’, which he will discuss at the X Spaces event on August 22.