U.Today - Vitalik Buterin has been spotted making a substantial transfer, and some investors assumed that he is making a strategic move or selling some of his holdings. However, that is not the case here.
According to the transfer details, 99.9 ETH was sent to the contract address starting with 0x82 for the Gnosis Safe Proxy. This contract is known for requiring multiple signatures in order to complete a transaction.
Well-known for encouraging Ethereum adoption and lending support to projects that share Ethereum's decentralized philosophy is the 2077 Collective, Buterin continues to demonstrate his dedication to the development of the Ethereum community by contributing to this collective.
Given that Buterin is well-known for his charitable endeavors and backing of initiatives that improve the Ethereum ecosystem, this move is not surprising. Community-driven initiatives are encouraged to receive more support and involvement as a result of the transparency of blockchain transactions, which makes these contributions visible to the community.
Vitalik Buterin rarely sells substantial amounts of funds in the open like that, so the majority of transactions from this address are related to charitable giving, regular redistribution or some other types of operations.
He quite often uses tools like Gnosis Safe, Tornado Cash and other services that somewhat remove traces in the blockchain space, enabling privacy, yet preserving some level of transparency. The last major sale spotted on Buterin's address goes back to the first quarter of 2024, when Ethereum was trading at around $3,500.