Vitalik Buterin to Cease Ethereum Sales Following Discussions

user avatar

by Giorgi Kostiuk

2 years ago

Made with AI

  1. Buterin's Statement
  2. Recent Sales
  3. Community Reaction


    4. Vitalik Buterin, one of the co-founders of Ethereum, recently announced he would stop selling the cryptocurrency. This statement has sparked widespread discussions within the crypto community.

    Buterin's Statement

    Vitalik Buterin stated that starting next year, he plans to publicly mention only those projects that have reached stage 1 and above, with a possible short grace period for genuinely interesting new projects, regardless of whether he invested in them or they belong to his friends.

    I take this seriously. Starting next year, I plan to only publicly mention (in blogs, talks, etc) L2s that are stage 1+, with maybe a short grace period for new genuinely interesting projects.Vitalik Buterin

    Recent Sales

    Buterin's last sale of $441,000 worth of Ethereum on September 12 was reportedly the final one in a pre-planned series of sales set up on August 29. He utilized a TWAP strategy, breaking large orders into smaller segments to minimize market impact. The proceeds from the sales were allocated to various projects, emphasizing that they were not for personal profit.

    Community Reaction

    The Ethereum community has expressed concerns about Buterin’s frequent sales, believing they were used to provide liquidity for his funded projects. According to LookOnChain, the wallet associated with Buterin sold a total of $2.28 million worth of Ethereum since August 30. At the time of writing, Ethereum is trading below $2,500, having wiped out its gains for the year but maintaining a support level above $2,200.

    The community continues to watch the situation closely, hoping for stabilization and growth free from the pressures of significant sell-offs. Despite the sales conducted, Buterin still holds approximately 240,000 ETH, equivalent to over $500 million.

Tier I

Sector: #18291

Sealed Hiding Place Room

Resource Cache

Resource Cache

Tier I

Requires 25% Tier Progress to Claim
Meme Cache

Meme Cache

Tier I

Requires 50% Tier Progress to Claim
Equipment Cache

Equipment Cache

Tier I

Requires 75% Tier Progress to Claim

After collecting, hiding places will be stored in your inventory and can be opened with Keys.

Other news

Digital Sovereignty Alliance Engages in Key Discussions on Digital Asset Regulation

The Digital Sovereignty Alliance engaged in discussions on digital asset regulation at the Strobe Summit.

user avatarElias Mukuru

World Liberty Financial Launches WLFI Token Buyback Program

World Liberty Financial has announced a new buyback program for its WLFI cryptocurrency amid significant price declines.

user avatarKenji Takahashi

WLFI Price Analysis Shows Mixed Technical Indicators

Technical analysis of WLFI indicates mixed signals, with key support and resistance levels identified.

user avatarDiego Alvarez

Bitcoin's Long-Term Outlook Remains Encouraging

Bitcoin's established network and limited supply contribute to a positive long-term outlook despite recent declines.

user avatarGustavo Mendoza

Potential Recovery for Bitcoin Above Key Resistance Levels

Bitcoin could regain momentum if it surpasses critical resistance levels, with targets set at 81,300 and beyond.

user avatarMaria Fernandez

Gate Reports Impressive Cold Storage Coverage Ratio

Gate's cold storage coverage ratio reached an impressive 104.58%, ensuring all user assets are secure.

user avatarRajesh Kumar

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.