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Statement from Ethereum Co-founder Vitalik Buterin Affected the Market

Sep 6, 2024
  1. Vitalik Buterin's Sales Transparency
  2. Future Investment Plans
  3. Conclusion

Ethereum (ETH) co-founder Vitalik Buterin made a new statement that positively impacted the market and the price of the respective altcoin.

Vitalik Buterin's Sales Transparency

In a recent post on the X platform, Vitalik Buterin stated that he has not sold any Ethereum (ETH) since 2018. He mentioned that he cannot sell for profit and only does so to support projects within the Ethereum ecosystem and to donate to charities. Adding to this statement, Buterin emphasized that his assertion also applies to layer-2 projects and other altcoins he possesses besides Ethereum.

My statement that I have not sold for profit since 2018 also applies to any L2 tokens or other project tokens I hold (including those that are not yet liquid). All income from my altcoins will be donated. These incomes will either support projects in the ethereum ecosystem or be donated to charities.Vitalik Buterin

Future Investment Plans

The Ethereum co-founder also added that he is not considering investing in L2 projects or any other token projects in the near future.

My goal in giving money to projects is to support projects that I think are valuable, especially when other players in the crypto ecosystem may undervalue those projects. From now on, I plan to do it solely through donations.Vitalik Buterin

Conclusion

Vitalik Buterin's statements emphasize his commitment to transparency and charity in the Ethereum ecosystem.

Vitalik Buterin's statements indicate his desire to support projects in the Ethereum ecosystem and to engage in charity, avoiding personal gain.

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