Vitalik Buterin moves $8M Ether to new wallet. Possible donation ahead?

Vitalik Buterin’s address has transferred over $8 million worth of ether to a new wallet.

Buterin, the co-founder of the Ethereum network, transferred 3,000 Ether (ETH) tokens worth over $8 million to a new multisignature wallet.

The transfer could signal Buterin’s intention to make a potential donation, according to an Aug. 9 X post by Lookonchain. The blockchain intelligence firm wrote:

“vitalik.eth transferred 3,000 $ETH ($8.05M) to a multi-sig safe wallet 20 mins ago, possibly as a donation.”

The funds were sent to an unknown wallet "0xfEB" which could potentially belong to a charitable organization.

Vitalik Buterin's history of billion-dollar crypto donations

The $8 million transfer wouldn’t be the first time that Buterin made a valuable cryptocurrency donation.

Back in May 2021, Buterin donated over $1.2 billion worth of crypto to the Indian Covid-Crypto Relief Fund.

Buterin executed the billion-dollar charitable transfer via over 50 trillion Shiba Inu (SHIB) tokens, blockchain data shows.

Buterin has also sent over $441 million worth of Akita (AKITA) coins to open-source bug bounty platform Gitcoin and has previously donated a high amount of dog-themed memecoins.