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

Canary Staked INJ ETF Now Trading on Nasdaq

The Canary Staked INJ ETF began trading on Nasdaq under the ticker INJC on November 5, offering exposure to the Injective token and staking rewards.

user avatarMohamed Farouk

Nigeria's Central Bank Unveils New Regulations for Virtual Assets

On November 5, 2023, Nigeria's Central Bank announced a new licensing framework for non-security virtual assets, including stablecoins, aimed at enhancing consumer protection and financial system integrity.

user avatarElias Mukuru

US Economy Adds 165,000 Jobs in October

The Bureau of Labor Statistics reported that the US economy added 165,000 jobs in October, with the unemployment rate stable at 4.1%, complicating expectations for quick monetary easing by the Federal Reserve.

user avatarDiego Alvarez

TeraWulf Announces Major Contracts and Future Plans

TeraWulf has secured significant contracts, including a 20-year lease with Anthropic and a credit backstop from Google, signaling strong future revenue potential.

user avatarKenji Takahashi

TeraWulf Reports Significant Shift in Revenue Sources

TeraWulf's third-quarter earnings reveal a major transition towards high-performance computing, with HPC lease revenue making up 83% of total revenue.

user avatarMaria Fernandez

Solana Foundation Reports Major Protocol Changes and Record Asset Value

The Solana Foundation has released its October 2023 ecosystem review, detailing significant protocol changes that went live last month, including a reduction in target slot time to 200 milliseconds and the activation of Alpenglow consensus, highlighting a record value of $5 billion in real-world assets on the network.

user avatarGustavo Mendoza

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.