As a seasoned crypto investor with over a decade of experience in this dynamic market, I find Vitalik Buterin’s recent clarification regarding his ETH holdings reassuring and insightful. Having closely followed his journey since Ethereum’s inception, I can attest to his unwavering commitment to the project and his consistent advocacy for its growth.
Vitalik Buterin, one of Ethereum‘s founders, has recently dismissed rumors that he sold ETH, even though his ownership is decreasing. Today, he addressed this matter on X primarily by denying accusations that he offloaded any earnings, and instead attributed the reduction in his holdings to another cause.
Vitalik Buterin Says, “I haven’t sold and kept the proceeds since 2018”
On August 31, Vitalik Buterin shared on X platform that he hasn’t cashed out nor retained the earnings from 2018. This assertion emphasizes that the ETH co-founder has been holding onto his Ethereum (ETH), debunking recent speculations suggesting he had recently sold off his investments.
Additionally, I’d like to clarify that all my sales transactions have been aimed at funding diverse projects, which I believe are worthwhile, either within the Ethereum community or as part of charitable initiatives more broadly. This statement provides transparency on the reasons behind my dwindling holdings, offering reassurance to investors.
It’s interesting to note that back then, around three years ago, Vitalik Buterin disclosed that he owned approximately 325,000 ETH, which was equivalent to $1.46 billion at that time. However, recent data from Arkham Intelligence shows that his current worth in ETH is around $606.65 million. This decrease in holdings, as explained by Vitalik himself, is not due to him selling but rather a strategic move aimed at bolstering the Ethereum ecosystem.
Additionally, as per a recent report by CoinGape Media, Vitalik moved 800 tokens into a multisignature wallet. This transaction could be in line with the plans he previously discussed.
Simultaneously on X’s other post, he highlighted the advantages of Decentralized Exchanges (DEXs) over Centralized Exchanges (CEXs), outlining significant points. As stated by Buterin, “DEXs are actually more user-friendly because they lack a signup process, don’t require accounts, and have no deposit/withdrawal procedures; simply visit the page, press swap, and confirm the transaction in your digital wallet.” This perspective seems to have ignited conversations within the global crypto community.
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2024-08-31 13:41