Vitalik Buterin Moves 694 ETH and 340K USDC to RAILGUN

Ethereum co-founder Vitalik Buterin moved a total of 693.91 ETH and 340,931 USDC to the privacy protocol RAILGUN via an intermediary address.

This has caught the attention of the crypto community because Buterin regularly uses privacy-enhancing methods, which happens as the Ethereum market is seeing a strong rise.

Vitalik Buterin and the Growing Use of RAILGUN

Vitalik Buterin has long been a supporter of privacy on the blockchain. In a statement, he mentioned that privacy is normal and that RAILGUN’s privacy pool helps prevent malicious actors from accessing users’ funds while maintaining privacy.

Buterin often uses RAILGUN to transfer his donations using the platform.

With RAILGUN, Vitalik highlights the significance of privacy in any growing decentralized network, including Ethereum.

Privacy pools are necessary for users and developers to avoid being noticed or attacked, keeping the overall network secure.

The recent choice to invest millions into privacy shows Buterin’s strong commitment to privacy in decentralized finance (DeFi).

Ethereum Whale Activity: $283M ETH Transfer

Apart from Vitalik Buterin’s influence, a major actor is moving a large amount of money into the Ethereum system.

According to Lookonchain, Galaxy Digital’s over-the-counter wallet has just removed 89,000 ETH (equivalent to about $233.5 million) within the past 12 hours.

This ETH was put into a second wallet, 0x0b26, which is currently holding 139,476 ETH (a value of about $365 million). This suggests growing institutional interest in Ethereum, with investors holding onto large quantities of ETH.

The large amount of ETH transferred for $283 million shows that major investors continue to be interested in Ethereum. With new updates focused on scalability, security, and sustainability on the way, Ethereum may see even greater demand.

Ethereum Price Action: Bullish Indicators Emerge

Ethereum price is starting to observe positive signs for investors. On the Volume Profile Chart for Ethereum, investors have gathered a lot of long positions in the $2,500 to $2,600 range.

Strong buying from investors here reveals their belief in Ethereum’s growth. After Ethereum went above $2.6K, the chart shows that some traders are betting that the price will drop by piling up shorting orders.

If the Ethereum price rises to $2,708, the weakest short positions in the market could be in danger of being liquidated. In this case, about $303.27 million in liquidation of short positions would take place.

Short sellers often have to buy in during liquidations, so prices tend to increase dramatically. There could be an important shift that may support the rise in optimism around Ethereum.

Ethereum Set for Bullish Breakout: Wyckoff Analysis Signals Upward Move

Analyst MerlijnTrader believes that Ethereum has completed both the Spring and the Test phases of the Wyckoff method, which suggests that a breakout is about to occur.

The Spring brought Ethereum down to $2,300, allowing weak traders to leave, and soon it quickly surged back up.

During the Test, Ethereum managed to revisit $2,600 multiple times, which added strong evidence that demand remains intact.  The next key step is breaking the $3,000 resistance, which would trigger a bullish markup.

If Ethereum surpasses this level, it could rise towards $3,500 to $3,700, with potential for further upside to $5,000 to $5,600

Ethereum’s Strong Performance in Q2

Since 2019, Ethereum has seen positive results in Q1 and Q2 each year, especially in 2025.

Analyst Mister Crypto highlighted that Ethereum’s Q2 2025 return shows market confidence from investors and shows that the crypto is rising in price.

However, Ethereum market dominance may signal that an altseason could be approaching.

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