Home » Altcoins » Vitalik Buterin Moves Millions in Ethereum to New Wallet

Vitalik Buterin Moves Millions in Ethereum to New Wallet

09.08.2024 19:00 1 min. read Alexander Stefanov
SHARE: SHARES
Vitalik Buterin Moves Millions in Ethereum to New Wallet

Vitalik Buterin has transferred over $8 million in Ether to a new multisignature wallet.

The Ethereum co-founder moved 3,000 ETH, valued at around $8.05 million, possibly indicating a charitable donation, according to blockchain intelligence firm Lookonchain. The funds were sent to an unknown wallet, “0xfEB,” which could be linked to a charitable organization.

This transfer follows Buterin’s previous high-profile donations. In May 2021, he donated more than $1.2 billion worth of Shiba Inu tokens to the Indian Covid-Crypto Relief Fund. He has also contributed over $441 million in Akita coins to the Gitcoin platform and made other notable donations in memecoins.

Crypto donations are rapidly gaining traction due to their efficiency and broad reach. The Giving Block forecasts that cryptocurrency donations could surpass $10 billion within the next decade.

Their 2023 report noted that total crypto donations on their platform exceeded $125 million in 2022, with projections reaching $1 billion by August 2027, $5 billion by June 2031, and $10 billion by November 2032.

In addition to crisis-related donations, crypto is also making inroads into politics. Former U.S. President Donald Trump recently announced that his presidential campaign would accept cryptocurrency contributions.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

Telegram

SHARE: SHARES
More Altcoins News

First-Ever Staked Crypto ETF Set to Launch in the U.S. This Week

A new milestone in cryptocurrency investment products is set to unfold this Wednesday, as REX Shares prepares to launch the first-ever U.S.-listed staked crypto exchange-traded fund (ETF), according to a company announcement shared on X.

01.07.2025 9:00 2 min. read Kosta Gushterov

XRP Price Prediction: Can XRP Hit $4 After XRPL EVM Sidechain Launch?

XRP (XRP) has gone up by 1.2% in the past 24 hours but, behind that mild price increase, there has been a significant spike in trading volumes. During this period, $2.4 billion worth of XRP has exchanged hands, representing an 83% increase. Just hours ago, Ripple announced the official launch of its Ethereum-compatible sidechain called […]

30.06.2025 22:06 3 min. read Alejandro Ar

Ethereum Launches Onchain Time Capsule to Mark 11th Anniversary in 2026

A community-driven initiative launched Monday is inviting Ethereum users to lock art, memories, and personal messages inside a decentralized “time capsule,” set to be opened on the network’s 11th anniversary next year.

30.06.2025 19:00 1 min. read Kosta Gushterov

Ethereum Accumulation Surges While U.S. Politics Stir Market Uncertainty

A new CryptoQuant report highlights a growing divergence between long-term Ethereum holders and short-term Bitcoin buyers, with significant accumulation behavior unfolding in both markets amid increasing political and economic tension in the U.S.

30.06.2025 18:00 2 min. read Kosta Gushterov
No Comments yet!

Your Email address will not be published.