In the last 11 days, a wallet associated with Vitalik Buterin sold more than $3 million in ether.
Spot On Chain, the analytics platform, launched on Sept. 30. reported A transfer of 649 ETH Paxos, a cryptocurrency exchange. This was the final sale in a long series that began after Ethereum’s co-founder had funded the wallet.
Identification by “0x556,” On Sept. 19, the wallet received 1300 ETH (3,21 Million USD). “0xd04″Buterin is said to control an Ethereum wallet. Reportedly, “0xd04” In 2022, the pioneer of cryptography transferred 70,000 ETH.
It’s important to note that this was not the first time either wallet exchanged money. On-chain data shows that. “0xd04” In September 2023 he sent 2,000 Eth, which was then worth $5.265 Million. He had already transferred 999 Eth, at a value of $2.63 Million, in the previous month.
Another transfer, valued at $4.47million, was also made in the previous month, bringing up the total ether to 5.999 ETH.
As of press time “0x556” Spot On Chain said that although the transfer was not labeled Buterin’s at the time, the Ethereum founder had in fact been the one behind it. In a Sept. 12th, 2023 post, the site speculated on the Ethereum co-founder being the person responsible for the transaction.
Although many people view these transfers as Buterin trying to profit, he’s publicly denied These allegations and reiterated his claim that he had not sold ETH to personal gain since 2018.
You can also find out more about the following: concerns emerged Earlier in the month it was observed that a wallet, which had received 3,800 ETHs from Buterin back in August of this year, has been seen offloading funds to another wallet. multiple transfers. However, Buterin soon clarified It is not possible to say that the sale was made by a “bio-defense group” The funds.
He wrote about it in an earlier blog. added He stated that all ETH transactions funded from accounts connected to his were for either philanthropic or ecosystem-related projects he deems worthwhile.
The Ethereum co-founder, who is also a community member, recently expressed his concerns about these sales. came under fire Cardano co-founder Charles Hoskinson has compared Ethereum’s governance model with a monopoly. “dictatorship” Buterin’s pivotal decision-making is what drives the company.
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Source: crypto.news
