CandleFocus Vitalik Buterin Responds to ETH Sale Accusations: “I Haven’t Sold a Single ETH”
2024-10-26
Author: Content Editor
Ethereum founder Vitalik Buterin addressed concerns about the sale of ETH tokens by him and the Ethereum Foundation. On-chain analyses have shown that the foundation has sold over $11 million worth of ETH this year, leading to worries among market participants. However, Buterin clarified that he has not sold any ETH tokens in the past month and his holdings have actually increased. He also explained that the foundation's sales are used to fund important advancements in Ethereum, such as preventing ETH losses, maintaining low transaction fees, and ensuring faster transaction processing. Additionally, the foundation is working on privacy features and user-friendly technologies for ETH. Buterin called on the community to show respect for the foundation's efforts and not criticize its sales.
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