Vitalik Buterin, co-founder of Ethereum, just sold multiple Meme token and transferred 70 ETH via privacy protocol Railgun.
On October 10, the crypto community was abuzz with news that Vitalik Buterin, co-founder of Ethereum (ETH), had made a series of notable transactions. According to blockchain data, Vitalik sold 40.25 billion SPURDO Token , 10.31 billion MARVIN Token , and 6 trillion DOJO Token , earning 22.14 ETH, or about $96,000. He then moved 70 ETH (about $304,000) to a new wallet linked to the Ethereum Foundation, using the Railgun privacy protocol — a tool that helps hide transaction information, enhancing user privacy.
This move has led to many theories from the investor community. Some people think that Vitalik could sell to get ETH for charity, or is testing the security feature of Railgun, which is highly appreciated in helping Ethereum users protect their identity when transacting.
Railgun is one of the most prominent privacy protocols on Ethereum, developed to address the lack of anonymity in transactions on public blockchains. Vitalik's use of Railgun has led many experts to believe that this could be a signal that the Ethereum Foundation is considering expanding the integration of advanced privacy tools into the Ethereum network in the future.
Vitalik Buterin has made headlines in the past for selling or donating Meme token sent to his wallets — such as the famous 2021 event when he donated billions of dollars worth of Shiba Inu to a charity supporting COVID-19 prevention in India.
