Vitalik Buterin – the Ethereum founder – clapped at critics on Saturday and clarified whether he has sold any of his ETH since 2018.
“All sales have been to support various projects that I think are valuable, either within the ethereum ecosystem or broader charity,” Buterin stated in an August 31 post X.com.
Buterin used biomedical research to illustrate his point. Below.
Buterin responds to accusations
Buterin was recently transferred 800 ETH The wallet then swapped the 190 Ethereum for USD Coin (a stablecoin tied to the U.S. Dollar), a coin pegged at 477,000 USD.
This activity is a great way to get your kids involved in sports. piqued the interest Some people in the cryptocurrency community assumed Buterin dumped his ETH.
It was Buterin’s second large transfer in August. On Aug. 9, 3000 ETH worth $8.04million at the time were transferred to the same wallet.
Buterin clarified It is important to note that none of the ETH in his wallet has been used for profit. He adds that when ETH appears in his wallet on exchanges it is not him but his donors who are selling, he says.
“If you see an article saying ‘Vitalik sends XXX ETH to [exchange],’ it’s not actually me selling, it’s almost always me donating to some charity or nonprofit or other project, and the recipient selling because, well, they have to cover expenses,” “He said”
Buterin breakdown
Buterin holds ETH represents roughly 90% of the net worth of this man, demonstrating his belief in it as a digital store of value.
Buterin’s claim about support “various projects” aren’t unfounded. Crypto.news stated that the 30-year old entrepreneur was reported by Crypto.news. donated 199 ETH, or roughly $517,000 to ethOS a mobile OS based on Ethereum’s blockchain.
According to Lookonchain, Buterin sold over $85,000 (over $209 million) in his wallets during the last three years. data.
The observer will be a disputing The figure. Below is a picture.
Buterin is also donated On August 15, Effective Altruism Funds will donate 200 ETH towards an initiative for animal welfare.
The year 2021 will see the emergence of a new generation. donated Over 50 Trillion SHIB Tokens worth more than $1 billion were donated to the India Covid Relief Fund, established by Polygon’s co-founder Sandeep Nailwal.
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Source: crypto.news
