Ethereum (CRYPTO:ETH) co-founder Vitalik Buterin recently transferred 100 ETH, valued at around $300,000, to a wallet associated with the Gnosis Safe Proxy, sparking interest in the transaction's destination.

The funds were donated to the 2077 Collective, an organisation dedicated to promoting Ethereum's adoption through creative, research, and development efforts.

The donation aims to support the collective's mission to drive growth and advancements within the Ethereum ecosystem.

Buterin's transaction has garnered significant attention, especially amid Ethereum's recent price declines, which have seen a 20% drop over the past month.

Despite these declines, Ethereum's trading volume has surged by 66.73%, indicating sustained investor interest.

Buterin is known for his philanthropic efforts, consistently contributing to charity and non-profit organisations, reinforcing his commitment to the crypto community.