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Buterin's Portfolio: Token Swap for Ethereum

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2 hours ago

Ethereum co-founder Vitalik Buterin is in the news for changes in his cryptocurrency portfolio despite Ethereum's price fluctuations.

Buterin's Transactions

Vitalik Buterin is strengthening his ETH position by exchanging various free tokens for Ethereum. He recently traded several smaller tokens for 140.67 ETH ($340,500). Transactions included selling 11.76 billion $MOODENG for 21.03 ETH ($50.9K) and 70.72 million $Neiro for 29.9 ETH ($72.4K).

vitalik.eth sold some tokens received for free and got 140.67 ETH ($340.5K).

Ethereum Price Fluctuations

Over the last seven days, Ethereum's price dropped by 9%. This is due to macroeconomic factors and reduced investor confidence amid market-wide issues.

Analysis and Outlook for Ethereum

Technical analysis shows Ethereum is attempting a recovery from its recent price dip. Overcoming resistance in the $2,500-$2,520 range could lead to growth up to $2,650-$2,700.

While Ethereum remains under pressure, recovery conditions may emerge. Vitalik Buterin continues to trust Ethereum despite current market trends.

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