Vitalik Buterin Moves $8M Ether To New Wallet – Possible Future Donations?
Vitalik Buterin's address transferred more than $8 million worth of Ether to a new wallet.
Buterin, the founder of the Ethereum network, transferred 3,000 Ether (ETH) tokens worth more than $8 million to a new multi-signature wallet.
In the year According to a report posted by X on August 9 on Loonchain, the transfer may indicate Buterin's intention to make a donation. The blockchain intelligence agency wrote:
“Vitalik.eth transferred $3,000ETH ($8.05M) to multisig vault 20 minutes ago, possibly as a donation.”
The money was sent to an unknown wallet “0xfEB” which may be a charity.
RELATED: $350M Ether Set To Go Out In Next 9 Hours – Can ETH Price Stay Above $2.2K?
Buterin's history of billion dollar crypto contributions
The $8 million transfer won't be the first time Buterin has made a significant cryptocurrency donation.
In May 2021, Buterin donated over $1.2 billion worth of crypto to India's covid-crypto relief fund.
Buterin has made his billion-dollar charitable transfer with more than 50 trillion Shiba Inu (SHIB) tokens, according to blockchain data.
Buterin also sent more than $441 million worth of AKITA coins to the open source bug bounty platform Gitcoin and previously donated a large amount of dog-themed memecoins.
Related: Wayne Lambeau? Lamborghini answers with the new Animoca Web3 partnership
Crypto donations could exceed $10 billion in ten years
Crypto donations are gaining speed and global reach in times of crisis, compared to more efficient donations through the old fiscal system.
According to crypto charity platform The Giving Block, more than $10 billion in donations have been generated in ten years.
According to Giving Block's 2023 annual report titled “Crypto Philanthropy Data, Trends and Forecasts,” all-time crypto donations in the platform will exceed $125 million by 2022.
According to the available data, the crypto philanthropy project is predicted to exceed $1 billion by August 2027, reach $5 billion by June 2031, and exceed $10 billion by November 2032.
In addition to global crises, crypto donations are also on the rise in politics. In early May, former US President Donald Trump announced that his presidential campaign would accept cryptocurrency donations.
Magazine: As Chinese Boomers Join Crypto Tapper Rituals, WazirX's Fall Gets Worse: Asia Express
