A crypto wallet owned by ethereum founder Vitalik Buterin has seen a flurry of transactional activity lately, sparking interest from members of the crypto community at a time when ethereum selling pressures are increasing.
Following this, Buterin took the initiative to address concerns about his recent transfer of digital assets to multiple exchanges.
ethereum Co-Founder Reveals the Truth Behind Multiple Transfers
In a recent post on eth/0xb8ccf84d” rel=”nofollow”>Warp Releasea decentralized social network, ethereum-founder/” rel=”nofollow”>Russian-Canadian computer programmer and founder of ethereumVitalik Buterin posted the real reason behind the latest eth transfers made through his wallet address.
Buterin explained to the public that the large-scale eth transactions that were made using his wallet were not sold by him. He stated that over the years, he has mainly focused on donating large sums of ethereum funds to charities and other projects. He further cemented his claims by saying that he had not sold eth for personal gain since 2018.
“If you see an article that says ‘Vitalik sends XXX eth to (exchange)’, it’s not actually me selling, it’s almost always me donating to some charity or non-profit organization or other projects, and the The recipient sells because, well, he has to cover expenses,” said Buterin.
Buterin is known for his philanthropic acts towards charities and medical interventions. The co-founder of ethereum ethereum-founders-1-billion-shiba-inu-covid-aid-donation-is-being-spent/#:~:text=Back%20in%20May%2C%20Ethereum%20founder,the%20value%20of%20the%20coin.” rel=”nofollow”>made Headlines in 2021, after donating $1 billion in SHIB tokens to a COVID-19 relief fund in India.
Furthermore, in February 2023, Buterin ethereum-buterin-donates-to-quake-victims/” rel=”nofollow”>donated $150,000 to Anka Relief to fund a crypto-aid project that would support Türkiye after its recent earthquake experiences.
Although there has been plenty of evidence of Buterin’s propensity to donate to multiple charities, the crypto community has remained skeptical and vigilant, relentlessly monitoring the ethereum founder’s decision. cryptocurrency activitiesas well as these recent high value eth transactions.
<img decoding="async" class="aligncenter size-medium" src="https://technicalterrence.com/wp-content/uploads/2023/10/Real-Reason-Behind-Ethereum-Founders-Massive-ETH-Sales-Exposed" alt="ethereum Price Chart from Tradingview.com (eth Founder Vitalik Buterin)” width=”2670″ height=”1746″ loading=”lazy”/>
eth price settles above $1,570 | Source: ETHUSD on Tradingview.com
Spokesperson Reveals $15M eth Transfer from Kanro Charity
According to data from PeckShield AlertVitalik Buterin, a blockchain audit and security firm, recently made a large-scale transaction of $15 million to the Gemini Exchange.
This transaction in question is among the list of recent transfers associated with the founder of ethereum. These moves have sparked curiosity and concern in the crypto community, as observers try to determine the underlying motive. reason behind Buterin transactions.
TO ethereum-cofounder-vitalik-buterin-sends-usdc-to-gemini” rel=”nofollow”>report of Cointelegraph said that a spokesperson for the ethereum Foundation has clarified the details behind the high transaction. According to the spokesperson, the $15 million USDC transfer was only executed under Buterin’s ethereum Name Service (ENS) and not from his wallet address.
The spokesperson also allegedly confirmed that the funds came from a transfer made by a charity multi-signature wallet. Kanrowho is closely linked to Buterin to sponsor a grant.
Featured image from U.Today, chart from Tradingview.com
