A multi-signature Ethereum wallet created by Ethereum co-founder Vitalik Buterin recently transferred about 40,000 ETH valued at $47.7M to an unidentified address. This transaction marks the first ETH outflow from the wallet address in over six months since the holders made a similar transfer of 30K ETH to the same unidentified wallet on May 16.

According to Etherscan, 40,000 ETH was transferred from the multisig address 0x22…3a9d created by Vitalik Buterin to 0xD04…8fd7.

Data from Etherscan reveals that the transaction occurred today at 1:42 PM (UTC). Following the outflow, the multisig wallet with the name tag Vb 3 – indicating an affiliation with Vitalik Buterin – currently holds 250K ETH valued at $298.5M, making it the 25th largest ETH holder at the time of reporting.