🤔 This week: TSLA Q3 earnings report - is now the right time to buy the EV giant?Explore TSLA Data

Vitalik Buterin’s Multi-Million Dollar ETH Moves: Donations or Sales?

Published 10/18/2023, 08:12 PM
Updated 10/18/2023, 08:15 PM
© Reuters Vitalik Buterin’s Multi-Million Dollar ETH Moves: Donations or Sales?

  • Ethereum co-founder Vitalik Buterin clarifies recent ETH transactions as donations, not personal sales.
  • “I haven’t ‘sold’ ETH for personal gain since 2018,” Buterin stated.
  • Transactions include significant USDC and ETH transfers across several exchanges.

Ethereum co-founder Vitalik Buterin has addressed recent headlines surrounding his cryptocurrency transactions. He clarified that his ETH transactions are primarily donations, not personal sales, and that he has not “sold” ETH for personal gain since 2018.

Buterin emphasized that articles stating, “Vitalik sends XXX ETH to [exchange],” do not signify a personal sale. Instead, He explained that these transactions are typically donations to charitable or nonprofit causes, with the recipient selling the ETH to cover expenses.

This clarification comes in response to media reports tracking Buterin’s wallet activity. Recently, it was reported that the co-founder of the second-most-popular cryptocurrency after Bitcoin has been moving millions of dollars in USDC stablecoin and Ether (ETH). These transactions span various crypto platforms, such as Coinbase (NASDAQ:COIN), Gemini, Bitstamp, Kraken, and Paxos.

In…

The post Vitalik Buterin’s Multi-Million Dollar ETH Moves: Donations or Sales? appeared first on Coin Edition.

Read more on Coin Edition

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.