Vitalik Buterin Transfers $1.83 Million ETH, Explaining This Move

• Vitalik Buterin moves $1.83 million in ETH
• Galaxy Digital withdraws $233.5 million in ETH Vitalik Buterin, a co-creator of the second-largest blockchain platform, Ethereum, has made a large ETH transfer after he purchased almost one million worth of this popular crypto. Several on-chain data sources have spread the word about this around crypto X (formerly Twitter).

Vitalik Buterin moves $1.83 million in ETH

Analytics account Lookonchain reported that the Canadian programming prodigy purchased 296.4 Ethereum for approximately $783 million and then transferred 693.9 ETH worth $1,824,973 to Railgun. He also added 341,000 USDC to that transaction.

Railgun in a privacy protocol, which in the past Buterin praised for guarding user privacy and excluding cyber criminals. Railgun utilized zero-knowledge proofs to conduct confidential crypto transfers on the Ethereum chain unlike Tornado Cash. According to Arkham Intelligence, Vitalik Ethereum’s net worth stands at at least $552.86 million thanks to his large Ethereum holdings. However, that data was generated in January last year, and by the aforementioned purchase Buterin proved that he is worth much more than half a billion dollars.

At the time of writing this material, Ethereum is changing hands at $2,621 per coin

Galaxy Digital withdraws $233.5 million in ETH

Earlier today, Lookonchain spread the word about massive Ethereum transfers that took place over the past day. The on-chain data source reported that an anonymous whale (which could have been a financial institution) accumulated a substantial 108,278 ETH for $283 million.

The seller here was the crypto investment fund Galaxy Digital, which belongs to Mike Novogratz. It withdrew from exchanges 89,000 ETH (valued at $233.5 million) and then transferred the 108,278 ETH to the anonymous blockchain address. Currently, this whale holds 139,476 ETH equal to $365 million in fiat.