Ethereum co-founder Vitalik Buterin has recently refuted claims of selling ETH despite his holdings being on a decline. The co-founder today took to X, mainly denying allegations that he sold any of his proceeds, while also deeming the fall in holdings attributable to another reason.
Vitalik Buterin Says, “I haven’t sold and kept the proceeds since 2018”
In a post on X dated August 31, Vitalik Buterin stated, “I haven’t sold and kept the proceeds since 2018.” This statement underscored the co-founder’s ETH HODL plan, denying industry-wide allegations that claimed he sold his holdings recently.
Moreover, he added that, “All sales have been to support various projects that I think are valuable, either within the Ethereum ecosystem or broader charity.” This remark gave a clear understanding of why the co-founder’s holdings are declining, offering investors relief.
Intriguingly, Vitalik Buterin revealed three years ago that he held 325K ETH, worth $1.46 billion at the time. At present, Arkham Intelligence data illustrated that the co-founder held $606.65 million worth of ETH only. The constant fall in holdings, per Vitalik, comes as a broader approach to support the Ethereum ecosystem rather than him selling.
Also, CoinGape Media recently reported Vitalik’s massive transfer of 800 tokens to a multisig wallet. This transfer potentially aligns with the co-founder’s abovementioned plans.
Meanwhile, in another post on X, he spotlighted why DEXs outshine CEXs, revealing key reasons. According to Buterin, “DEXes are actually more convenient. No signup process, no accounts, no deposit/withdraw process, just go to the page, click swap, and confirm in your wallet.” This statement also appears to have sparked discussions across the global crypto community.
The post Just-In: Vitalik Buterin Denies Claims Of Selling ETH As Holding Declines appeared first on CoinGape.
