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 Cache 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, caches will be stored in your inventory and can be opened with Keys.

Other news

Trezor Implements New Security Measures After Data Breach

chest

Trezor is enhancing security measures, including anonymous delivery options, in response to a data breach affecting 67,000 customers.

user avatarFilippo Romano

Data Breach Affects 67,000 Trezor Customers

chest

A data breach at shipping provider ShipMonk has exposed personal information of 67,000 Trezor customers in the US.

user avatarEmily Carter

BAI Establishes Global Settlement Layer for AI Agents to Enhance Collaboration

chest

BAI is building a global settlement layer to enhance collaboration and efficiency among AI agents across various workflows.

user avatarTomas Novak

BAI Launches Free Access to Premium AI Models, Surpassing 133 Trillion Daily Tokens

chest

BAI has launched free access to its premium AI models, leading to a significant increase in platform activity and user adoption.

user avatarKaterina Papadopoulou

Axis Robotics Unveils Axis Sim Dataset V1 for Enhanced Robotic Manipulation

chest

Axis Robotics has released Axis Sim Dataset V1, one of the largest open-source simulation datasets for Franka arm manipulation, featuring over 50,000 human-teleoperated simulation trajectories.

user avatarMaya Lundqvist

ENS Proposes Migration to Layer 2 Registry Model

chest

Ethereum Name Service (ENS) has initiated discussions on a proposal to migrate domain registration and renewal to a Layer 2 registry model to reduce costs.

user avatarLeo van der Veen

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.