Vitalik Buterin Transfers Huge Funds to Railgun Privacy Protocol, What Does It Mean?

Jakarta, Pintu News – Ethereum founder Vitalik Buterin recently made a sizable transfer to the Railgun privacy protocol. Not only did this transaction show Buterin’s support for privacy in blockchain, but it also led to various speculations and discussions among the crypto community.

Eye-catching Transaction Details

At 5:08 PM UTC+8, an address associated with Vitalik Buterin (vitalik.eth) sent 693.91 Ethereum (ETH) worth approximately $1.83 million, as well as $340,931 in Tether (USDT), to the Railgun protocol.

The wallet address 0x1810c87a85b1d3aff71f3bd7fe45e4dc03eff10e was used as an intermediate step in this transfer process. Of the total USDT transferred, $240,931 came from the Moloch Foundation, an organization that funds the development of the Ethereum ecosystem.

While there has been no official explanation as to the reason behind this transfer, the timing and purpose of the transfer has caught the attention of many.

Read also: 3 Crypto that Can Be an Investment Choice Ahead of Eid al-Adha Celebration 2025

Privacy in Blockchain According to Vitalik Buterin

Vitalik Buterin has expressed his opinion on the importance of privacy in crypto transactions several times. According to him, privacy is normal and people shouldn’t be tracked just for making transactions.

Railgun, as a protocol that allows users to send tokens while keeping their financial history private, seems to be in line with Buterin’s beliefs.

The protocol also comes with various checks to prevent abuse by malicious actors. Thus, Buterin’s big transfer is not just talk of privacy, but also concrete actions in favor of tools that are in line with his beliefs.

Also read: Ripple Denies $5 Billion Circle Buyout Bid, What’s the Say?

Community Reaction and Further Implications

After the transaction, blockchain watchers discovered several small tokens still remaining in Buterin’s wallet, including 888 PEOPLE worth less than $20 and 6.9 Pepe Coin (PEPE) worth just a few dollars. The crypto community on Twitter has started discussing this move, with some calling it a strong move for privacy.

However, there are also concerns that these actions could draw more attention and possible pressure towards protocols like Railgun. While there has been no official statement from Buterin, his actions on the blockchain have spoken volumes.

Conclusion

This transaction demonstrates Buterin’s commitment to privacy in the crypto ecosystem and will likely spark more discussions and similar actions from other figures in the industry. Despite the risks involved, the importance of privacy seems to remain a priority for some thought leaders in the blockchain space.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro. Pintu Pro Futures is also available, where you can buy bitcoin leverage, trade btc futures, eth futures and sol futures easily from your desktop!

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Ethereum Founder Vitalik Sends 1.83M ETH to Railgun Protocol. Accessed on June 5, 2025
• Featured Image: CNBC