Vitalik Buterin’s address has transferred over $8 million worth of ether to a new wallet.
Buterin, the co-founder of the Ethereum network, transferred 3,000 Ether (ETH) tokens worth over $8 million to a new multisignature wallet.
The transfer could signal Buterin’s intention to make a potential donation, according to an Aug. 9 X post by Lookonchain. The blockchain intelligence firm wrote:
“vitalik.eth transferred 3,000 $ETH ($8.05M) to a multi-sig safe wallet 20 mins ago, possibly as a donation.”
The funds were sent to an unknown wallet "0xfEB" which could potentially belong to a charitable organization.
Related: $350M Ether set for withdrawal in next 9 hours — Can ETH price remain above $2.2K?
Vitalik Buterin's history of billion-dollar crypto donations
The $8 million transfer wouldn’t be the first time that Buterin made a valuable cryptocurrency donation.
Back in May 2021, Buterin donated over $1.2 billion worth of crypto to the Indian Covid-Crypto Relief Fund.
Buterin executed the billion-dollar charitable transfer via over 50 trillion Shiba Inu (SHIB) tokens, blockchain data shows.
Buterin has also sent over $441 million worth of Akita (AKITA) coins to open-source bug bounty platform Gitcoin and has previously donated a high amount of dog-themed memecoins.
Related: Wen Lambo? Lamborghini answers with new Animoca Web3 partnership
This is a developing story, and further information will be added as it becomes available.
