Vitalik Buterin’s Multi-Million Dollar ETH Moves: Donations or Sales?

• Ethereum co-founder Vitalik Buterin clarifies recent ETH transactions as donations, not personal sales.
• “I haven’t ‘sold’ ETH for personal gain since 2018,” Buterin stated.
• Transactions include significant USDC and ETH transfers across several exchanges.

Ethereum co-founder Vitalik Buterin has addressed recent headlines surrounding his cryptocurrency transactions. He clarified that his ETH transactions are primarily donations, not personal sales, and that he has not “sold” ETH for personal gain since 2018.

Buterin emphasized that articles stating, “Vitalik sends XXX ETH to [exchange],” do not signify a personal sale. Instead, He explained that these transactions are typically donations to charitable or nonprofit causes, with the recipient selling the ETH to cover expenses.

This clarification comes in response to media reports tracking Buterin’s wallet activity. Recently, it was reported that the co-founder of the second-most-popular cryptocurrency after Bitcoin has been moving millions of dollars in USDC stablecoin and Ether (ETH). These transactions span various crypto platforms, such as Coinbase, Gemini, Bitstamp, Kraken, and Paxos.

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