Vitalik Buterin moves $2m in ETH to multisig wallet 

Vitalik Buterin transferred 800 ETH (worth $2.01 million) to a multi-signature wallet on August 30. Shortly after, the multi-signature wallet exchanged 190 ETH for 477,000 USDC.

This isn’t Buterin’s first significant transfer this month. On August 9, the ETH co-founder moved 3,000 ETH worth $8.04 million to the same multi-signature wallet.

Buterin transferred 1,000 ETH ($1.85 million) to a different multi-signature wallet on June 12, 2023, and moved 2,500 ETH ($4.6 million) to a cold storage wallet in April 2023.

These transactions suggest Buterin consolidated or reallocated funds for security or strategic purposes, but the exact reasons for the transactions are not yet known.

Vitalik Buterin announced on the decentralized social platform Warpcast in October 2023 that he has not sold ETH for personal gain in the last five years.

Instead, he wrote that he often uses his ETH holdings to support various communities and contribute to nonprofits.

For example, Buterin donated Ethereum to help victims of the 7.8 magnitude earthquake that occurred in Turkey in February 2023.