- Vitalik Buterin confirms he hasn’t retained proceeds from ETH sales since 2018, using funds for valuable projects.
- Buterin’s ETH holdings decreased from 325K ETH, worth $1.46 billion, to $606.65 million, as per Arkham Intelligence.
Ethereum co-founder Vitalik Buterin has recently addressed rumors about his personal cryptocurrency dealings, specifically concerning the sale of Ethereum (ETH). Buterin made it clear on the social media platform X that he has not sold and retained proceeds from Ethereum since 2018.
This declaration comes amidst observations that his holdings have decreased over time. In his statement on August 31, Buterin emphasized that any Ethereum he has sold since 2018 was not for personal profit but was instead used to fund various projects. He stated:
“All sales have been to support various projects that I think are valuable, either within the Ethereum ecosystem or for broader charitable causes.”
This comment was intended to clarify the reasons behind the reduction in his Ethereum holdings, providing reassurance to investors and the broader Ethereum community.
Data from Arkham Intelligence indicates that Buterin’s holdings have significantly reduced from 325,000 ETH, valued at $1.46 billion three years ago, to currently holding ETH worth approximately $606.65 million.
Buterin attributes this decline not to personal liquidation for profit but to strategic disbursements supporting initiatives he believes in within and beyond the Ethereum platform.
Furthermore, recent reports from ETHNews have noted Buterin’s transfer of 800 tokens to a multisig wallet, which likely correlates with his stated strategy of using his assets to back valuable projects.
Buterin also recently discussed the advantages of decentralized exchanges (DEXs) over centralized exchanges (CEXs) in another post. He argued that DEXs offer more convenience because they eliminate the need for a signup process, accounts, and the deposit or withdrawal steps associated with CEXs. He explained:
“No signup process, no accounts, no deposit/withdraw process, just go to the page, click swap, and confirm in your wallet.”
This advocacy for DEXs highlights Buterin’s ongoing commitment to promoting decentralized solutions within the cryptocurrency space, reflecting his broader vision for Ethereum and its applications.
These statements from Buterin come at a time when the cryptocurrency market is particularly sensitive to the actions and words of influential figures like him.
His clarifications serve not only to clear up misunderstandings about his financial actions but also to underline his ongoing dedication to the development and support of the Ethereum ecosystem and related philanthropic and technological endeavors.
