Ethereum co-founder Vitalik Buterin has made significant ETH transfers, causing speculation in the crypto community. The wallet “0xD04daa” transferred 1,300 ETH, valued at around $3.17 million, to an external address labeled “0x5567A,” which was triggered by the 6.3% increase in Ethereum’s price.
The move has sparked speculation about potential profit-taking motives. Shortly after receiving the funds, the wallet “0x5567A” transferred 74.17 ETH, valued at approximately $181,000, to Paxos, a well-known crypto brokerage.
This is not the first transaction between the two wallets. Almost a year ago, the wallet sent 1,000 ETH, worth $2.45 million, to the same address, which was later deposited into Bitstamp. This interaction is part of a broader history between these wallets.
The wallet has strong historical connections to Ethereum wallets “Vb 2” and “Vb 3,” both widely recognized as being associated with Buterin. In May 2022, “Vb 2” sent 1 ETH to “0xD04daa,” which was promptly returned.
Since then, no further interactions have been observed between them. In November, “Vb 3” transferred 70,000 ETH, valued at $171.5 million at the time, to the “0xD04daa” wallet.
Buterin has acknowledged the transfers and offered some clarity, explaining that a portion of token sales is intended for charitable donations rather than personal financial gain.
