tldr; Ethereum co-founder Vitalik Buterin has sold over $8 million worth of Ethereum tokens, continuing his liquidation of assets to fund new initiatives. This follows a previous $7 million selloff in February, aimed at supporting Ethereum’s long-term goals, including scalability and decentralization. The sales come amid a significant drop in Ethereum’s price, which has fallen over 60% from its peak. Despite this, prominent investors and institutions remain optimistic about Ethereum’s future, citing its reliability and potential in tokenization and AI applications.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
_Whit3 on
He has been doing this for years to fund other web3 projects…just let the man be…
Lord-Nagafen on
Definitely feels like we are getting dumped on right now
baIIern on
He’s a Billionaire. That’s like me selling something for 80€ to pay for groceries lol. Happens all the time.
philter451 on
This is just fud news. Homie isn’t strapped for cash.
l8s9 on
Sell high, buy low.
defiCosmos on
I’d be doing the same thing.
Dyler_Turden369 on
I think he has the kind of autism where he doesn’t really read the room on the timing of his sales.
XFYIO on
Whats stoping them to print more ?
It is not like they have to mine it or something like that.
Successful-Win-8035 on
The biggiest rug pull ever.
Nick_fabiani on
He doesn’t seem to take advantage of investors, would have sold at the peak, he’s just minding the projects, he’s selling whenever needed.
GaRGa77 on
Cope harder 🤣
EarningsPal on
Is that less than staking rewards received or is his # of ETH holding actually dropping?
Bah_weep_grana on
So like 0.01% of his total holdings?
TimeTravel4Dummies on
Drop in the bucket for gains over 60,000%
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tldr; Ethereum co-founder Vitalik Buterin has sold over $8 million worth of Ethereum tokens, continuing his liquidation of assets to fund new initiatives. This follows a previous $7 million selloff in February, aimed at supporting Ethereum’s long-term goals, including scalability and decentralization. The sales come amid a significant drop in Ethereum’s price, which has fallen over 60% from its peak. Despite this, prominent investors and institutions remain optimistic about Ethereum’s future, citing its reliability and potential in tokenization and AI applications.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
He has been doing this for years to fund other web3 projects…just let the man be…
Definitely feels like we are getting dumped on right now
He’s a Billionaire. That’s like me selling something for 80€ to pay for groceries lol. Happens all the time.
This is just fud news. Homie isn’t strapped for cash.
Sell high, buy low.
I’d be doing the same thing.
I think he has the kind of autism where he doesn’t really read the room on the timing of his sales.
Whats stoping them to print more ?
It is not like they have to mine it or something like that.
The biggiest rug pull ever.
He doesn’t seem to take advantage of investors, would have sold at the peak, he’s just minding the projects, he’s selling whenever needed.
Cope harder 🤣
Is that less than staking rewards received or is his # of ETH holding actually dropping?
So like 0.01% of his total holdings?
Drop in the bucket for gains over 60,000%