Ethereum co-founder Vitalik Buterin responded to critics on Saturday, clarifying whether he had sold any of the Ethereum he had acquired since 2018.
“All sales were to support various projects that I believe are valuable, both within the Ethereum ecosystem and broader philanthropy,” Buterin said on August 31. mail On X.com.
Buterin cited biomedical research and development as an example. See below.
Buterin responds to accusations
Buterin recently transferred 800 ETH (roughly $2.01 million) to a multi-signature wallet, which then swapped 190 ETH for $477,000 USD, a stablecoin pegged to the US dollar.
Activity aroused interest Among those in the crypto community, some assumed that Buterin was dumping his ETH.
This was the second major transfer from Buterin’s wallet in August. Just weeks earlier on August 9, 3,000 ETH, worth $8.04 million at the time, had been moved to the same multi-signature wallet.
Buterin It has been clarified. He added that none of his ETH was sold for personal profit. He also added that when ETH from his wallet appears on exchanges, it is not he who sells it but the beneficiaries of his donations.
“If you see an article that says ‘Vitalik sends XXX ETH to[the exchange],’ it’s not actually me selling, it’s almost always me donating to some charity or nonprofit or other project, and the recipient is selling because, well, they have to cover expenses,” he said.
Butyrin collapse
Buterin He carries About 90% of his net worth is in ETH, underscoring his commitment to digital assets as a store of value.
Buterin’s claims of supporting “various projects” are not without merit. Crypto.news reported that the 30-year-old entrepreneur donated 199 ETH (about $517,000) to ethOS, a mobile operating system based on the Ethereum blockchain.
According to Lookonchain, Buterin has emptied over $85,000 ($209 million) from his wallets in the past three years. Data.
One observer is Disputed Figure. See below.
Buterin also donated 200 ETH to the Effective Altruism Fund, an animal welfare initiative, on August 15.
In 2021, he donated over 50 trillion SHIB tokens, worth over $1 billion at the time, to the India Covid Relief Fund set up by Polygon co-founder Sandeep Nailwal.