Vitalik Buterin Receives 6.29M STRK Worth $1M After One Year

Ethereum co-founder Vitalik Buterin has received another batch of 6.29 million Starknet (STRK) tokens. It is valued at around $1.01 million. That marks the second major STRK unlock for him in a year. Blockchain analytics platform Lookonchain reported the transfer early on October 9. It cites data from Arkham Intelligence, which tracks Buterin’s wallet activity.

Another STRK Unlock for Vitalik

According to Arkham data, the STRK tokens were transferred to Buterin Gnosis Safe wallet. It originates from a locked token grant address. The tokens are part of the Starknet ecosystem’s allocation. Which likely tied to early contributor or advisor distributions. This new batch comes almost exactly a year after Vitalik Buterin previous STRK unlock. 

In November 2024, he received 2.1 million STRK, then worth about $798,000. Later deposited them to Binance for $0.38 per token. This latest transfer of 6.29 million tokens suggests that a longer vesting schedule or a second grant period has now matured. The total unlocked value represents a modest increase. It is considering STRK current price recovery following recent market volatility.

From Locked Grants to Liquid Assets

Arkham data shows a consistent pattern in Vitalik Buterin STRK related transactions. Last year, several smaller grants totaling over 4 million STRK were credited to his wallet between September and November. In this latest update, the full 6.291 million STRK, valued at $1.01 million, arrived in one batch. The tokens were sent from a wallet labeled “Locked TokenGrant (0xAcc)” to Vitalik’s Gnosis Safe. It confirms the structured nature of the distribution.

There’s no immediate indication that Buterin has sold or transferred these new tokens. But given his previous behavior, transferring unlocked STRK to Binance. Market watchers are keeping an eye on possible movement in the coming days. Starknet is a Layer 2 scaling solution built on Ethereum. It rewards contributors and early supporters through token grants and incentive programs. Vitalik Buterin involvement, while not direct in StarkWare operations. It reflects his early engagement with zero knowledge rollup research that underpins the project’s technology.

Market Reactions and Speculation

Following the announcement, STRK prices saw mild activity. With traders speculating whether Buterin might liquidate part of his holdings. Historically, his transfers have occasionally influenced short term sentiment. Although he rarely comments on such moves publicly. Some analysts note that Buterin holdings represent a symbolic link between Ethereum leadership and its ecosystem projects. Rather than a speculative play. 

His past donations and transfers often to charity or public goods funds suggest he may not be holding STRK purely for profit. Market observers also view this unlock as a sign of Starknet maturity. The project has continued to build partnerships and improve network performance. It positions itself among leading Ethereum scaling solutions like Arbitrum and Optimism.

A Year After the First Transfer

Vitalik Buterin previous Binance deposit on November 6, 2024, totaled roughly $798,000 worth of STRK. At that time, token prices hovered around $0.38. It is compared to the current market range of around $0.16. The difference shows how the broader Layer 2 sector has evolved over the past year. Many projects are focusing more on real-world adoption and sustainability rather than speculative hype. 

While Buterin hasn’t commented publicly on this latest transfer. His recurring receipt of STRK underscores his ongoing influence within Ethereum broader development ecosystem. Whether or not he chooses to hold, donate, or liquidate these tokens. One thing is clear Vitalik wallet remains one of the most watched addresses in crypto.