Vitalik Buterin Responds to ETH Sale Accusations: “I Haven’t Sold a Single ETH”
- Vitalik Buterin denies selling any ETH in the past month, clarifying his holdings have increased.
- The Ethereum Foundation has liquidated over $11 million in ETH since January, funding critical research and development projects.
- Buterin calls for community respect for the Foundation’s efforts.
Ethereum founder Vitalik Buterin responded to concerns about ETH token sales by him and the Ethereum Foundation, which has repeatedly sold ETH for cash this year.
On-chain analyses have frequently highlighted periodic ETH movements from the Ethereum Foundation. For example, on October 15, the foundation sold ETH valued at approximately $258,000.
A week before that transaction, the foundation transferred ETH worth around $3.03 million to the Bitstamp exchange. According to on-chain analyst Lookonchain, the Ethereum Foundation has cashed out ETH valued at over $11 million since January.
These sales worry market participants, particularly as they often coincide with ETH bull runs. Vitalik Buterin had also joined in on this trend. Last month, a wallet related to him sold ETH worth more than $3.17 million.
Several community members believe that these transactions …
The post Vitalik Buterin Responds to ETH Sale Accusations: “I Haven’t Sold a Single ETH” appeared first on Coin Edition.
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Vitalik Buterin Responds to ETH Sale Accusations: “I Haven’t Sold a Single ETH”
- Vitalik Buterin denies selling any ETH in the past month, clarifying his holdings have increased.
- The Ethereum Foundation has liquidated over $11 million in ETH since January, funding critical research and development projects.
- Buterin calls for community respect for the Foundation’s efforts.
Ethereum founder Vitalik Buterin responded to concerns about ETH token sales by him and the Ethereum Foundation, which has repeatedly sold ETH for cash this year.
On-chain analyses have frequently highlighted periodic ETH movements from the Ethereum Foundation. For example, on October 15, the foundation sold ETH valued at approximately $258,000.
A week before that transaction, the foundation transferred ETH worth around $3.03 million to the Bitstamp exchange. According to on-chain analyst Lookonchain, the Ethereum Foundation has cashed out ETH valued at over $11 million since January.
These sales worry market participants, particularly as they often coincide with ETH bull runs. Vitalik Buterin had also joined in on this trend. Last month, a wallet related to him sold ETH worth more than $3.17 million.
Several community members believe that these transactions …
The post Vitalik Buterin Responds to ETH Sale Accusations: “I Haven’t Sold a Single ETH” appeared first on Coin Edition.
Read More