Vitalik Buterin, the co-founder of Ethereum , has recently been widely criticized for his frequent selling of Ethereum. Lookonchain data shows that after he transferred 3,000 ETH (worth approximately $8.04 million at the time) to a multi-signature wallet on August 9, he again transferred 3,000 ETH to a multi-signature wallet on August 9. On March 30, 800 ETH was transferred to the multi-signature wallet again, worth approximately US$2.01 million.
Subsequently, the multi-signature wallet converted 190 ETH into 477,000 USDC.
Lookonchain pointed out that Vitalik Buterin said three years ago that he held 325,000 ETH at the time. Calculated at the average price of $4,500 at the time, his ETH holdings were worth $1.46 billion. However, his address currently only holds 240,000 ETH (approximately 592 million U.S. dollars), a decrease of 85,000 ETH (approximately 209 million U.S. dollars) in 3 years, and the position value has shrunk by 59.452% in U.S. dollars.
When the price of Ethereum fell below US$2,500 and plummeted 20% in the past month, Vitalik Buterin's selling of Ethereum caused dissatisfaction among many crypto communities. Some people criticized that Vitalik Buterin, as the founder of Ethereum, not only failed to Publicly calling for Ethereum and selling a large amount of Ethereum for arbitrage is quite undesirable.
Vitalik denies selling ETH for personal gain
However, a netizen expressed support for Vitalik Buterin’s selling of Ethereum. He said :
What’s crypto enthusiasts’ fascination with founder-never-sellable tokens? He created the second most important project in the history of cryptocurrency and I think he can make some profits.
Vitalik Buterin responded that he had never sold any ETH to make a profit, and his purpose was to fund various Web3 projects and charities:
I have not sold and retained the proceeds since 2018. All sales are to support various projects that I consider worthy, whether in the Ethereum ecosystem or wider charities (such as biomedical R&D).
It is worth noting that Vitalik Buterin rarely posted a meme on the X platform on August 21. The picture drawn by AI showed a bull hanging around its neck with the words "Ethereum is good (Ethereum is good)". )" brand, he also laughed at himself for writing in-depth articles but no one read them, which seemed to be a hint of the community's "money-oriented" trend.
