According to Lookonchain, vitalik.eth, the wallet belonging to Ethereum co-founder Vitalik Buterin, purchased 296.4 ETH worth $783,000 and subsequently transferred 693.9 ETH (valued at $1.83 million) and 341,000 USDC to Railgun approximately 30 minutes ago (source: Lookonchain via Twitter, intel.arkm.com). Traders are closely monitoring this significant movement, as high-value transfers by influential holders often lead to short-term volatility in the ETH price and could impact on-chain privacy trends due to Railgun’s privacy protocol.