CandleFocus Why Did a MultiSig Wallet Liquidate 3.8K ETH From Vitalik?
2024-09-09
Author: Content Editor
Ethereum co-founder Vitalik Buterin is facing speculation after significant transfers from his Ethereum wallet. A multi-signature wallet that received 3,800 ETH from Buterin between August 9 and August 30 has been selling ETH, with the latest sale occurring 21 hours ago. Rumors suggested Buterin was selling off ETH for personal profit, but he clarified that all his ETH sales since 2018 have supported valuable projects within the Ethereum ecosystem or charitable causes. Buterin's ETH holdings have decreased, indicating his claims of philanthropic purposes. Ethereum's network is growing, with 126,210 new wallets created in a day, indicating rising utility. Currently, ETH is trading at $2,296, reflecting a modest increase and renewed investor interest.
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