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Sujit Kumar
Aug 9, 2024
by Sujit Kumar

Vitalik Buterin Moves 3,000 ETH to Multi-Sig Wallet Amid Market Volatility

Vitalik Buterin Moves 3000 ETH

Table of contents

  1. Vitalik's Wallet Holdings
    1. Vitalik Buterin's Impact on the Crypto Ecosystem
    2. Market and Crypto Price Updates
Ethereum co-founder Vitalik Buterin recently made headlines by transferring 3,000 ETH from his wallet to a multi-signature wallet. The transaction, as reported by on-chain analysis firm Lookonchain, has fueled speculation that Buterin might be planning a significant donation. The transfer was processed with a gas fee of 0.01 ETH, equivalent to approximately $230, according to Etherscan.

Vitalik's Wallet Holdings

Following this transaction, Buterin’s wallet now holds 200 ETH, a notable decrease from the previously recorded balance of 243,233 ETH as of August 5, 2024. In addition to ETH, his wallet contains a diverse range of assets, including 700,008 KyberNetwork (KCN) tokens, 36 Wrapped Ethereum (wETH), 123,646 OMG Network (OMG) tokens, and 1,144 Ethereum Name Service (ENS) tokens, along with over 300 other cryptocurrencies.

Vitalik Buterin's Impact on the Crypto Ecosystem

Vitalik Buterin is renowned not just for co-founding Ethereum, the second-largest cryptocurrency by market capitalization, but also for his contributions to the development of decentralized applications (DApps) and the introduction of smart contracts. His vision has driven significant advancements in the Ethereum network, including proposals for scalability solutions like Proof of Stake, Plasma, and Sharding.

Market and Crypto Price Updates

In other market news, the approval of Ether spot ETFs has significantly boosted Ethereum adoption, leading to increased fund inflows into its ecosystem. As of the latest market update, Bitcoin (BTC) is trading at $60,580 with a 5.09% increase over the past 24 hours. Meanwhile, Ethereum (ETH) is trading at $2,632, reflecting a 7.54% intraday spike. Sui (SUI) leads the intraday gainers, up by 27.56% to $0.8346.

The cryptocurrency market has seen mixed sentiments throughout 2024, with notable fluctuations in prices and significant losses from hacks, scams, and frauds.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.
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Vitalik Buterin Moves 3000 ETH
Vitalik Buterin Moves 3,000 ETH to Multi-Sig Wallet Amid Market Volatility
Sujit Kumar
Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.

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