{"id":555867,"date":"2023-10-18T10:00:28","date_gmt":"2023-10-18T10:00:28","guid":{"rendered":"https:\/\/uniquehot.com\/?p=555867"},"modified":"2023-10-18T08:58:21","modified_gmt":"2023-10-18T08:58:21","slug":"ethereum-founder-eth-sales","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-founder-eth-sales\/","title":{"rendered":"Real Reason Behind Ethereum Founder\u2019s Massive ETH \u2018Sales\u2019 Exposed"},"content":{"rendered":"<p><span style=\"font-weight: 400\">A crypto wallet owned by the Ethereum founder <a href=\"https:\/\/uniquehot.com\/news\/ethereum\/ethereum-challenges-vitalik-buterin\/\">Vitalik Buterin<\/a> has seen a series of transactional activities lately, piquing the interest of crypto community members at a time when Ethereum selling pressures are rising.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Following this, Buterin has taken the initiative to address the concerns regarding his recent transfer of digital assets to multiple exchanges.\u00a0<\/span><\/p>\n<h2>Ethereum Co-Founder Discloses Truth Behind Multi-Transfers<\/h2>\n<p><span style=\"font-weight: 400\">In a recent post on <\/span><a href=\"https:\/\/warpcast.com\/vitalik.eth\/0xb8ccf84d\" rel=\"nofollow\"><span style=\"font-weight: 400\">Warp Cast<\/span><\/a><span style=\"font-weight: 400\">, a decentralized social network, <a href=\"https:\/\/bitcoinist.com\/ripple-value-ethereum-founder\/\" rel=\"nofollow\">Russian-Canadian computer programmer and founder<\/a> of <\/span><span style=\"font-weight: 400\">Ethereum<\/span><span style=\"font-weight: 400\">, Vitalik Buterin publicized the real reason behind the latest ETH transfers made via his wallet address.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/news\/bitcoin\/blackrock-false-bitcoin-spot-etf\/\">BlackRock Reacts To False Bitcoin Spot ETF Approval News In A Positive Way<\/a><\/div>\n<p><span style=\"font-weight: 400\">Buterin explained to the public that the large-scale ETH transactions that were performed using his wallet were not sold by him. He stated that over the years, he has mostly focused on donating large sums of Ethereum funds to charity organizations and other projects. He further solidified his claims saying that he had not sold <a href=\"https:\/\/uniquehot.com\/analysis\/eth\/ethereum-underperforms-bitcoin-1550\/\">ETH<\/a> for personal profits since 2018.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">\u201cIf you see an article saying \u2018Vitalik sends XXX ETH to [exchange]\u2019, it&#8217;s not actually me selling, it&#8217;s almost always me donating to some charity or nonprofit or other projects, and the recipient selling because, well, they have to cover expenses,\u201d Buterin stated.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Buterin is well-known for his philanthropic acts toward charity organizations and medical interventions. The Ethereum co-founder <a href=\"https:\/\/bitcoinist.com\/heres-how-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 <\/a><\/span><span style=\"font-weight: 400\">headlines<\/span><span style=\"font-weight: 400\"> in 2021, after donating $1 billion worth of SHIB tokens to a COVID-19 relief fund in India.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Additionally, in February 2023, Buterin <a href=\"https:\/\/bitcoinist.com\/ethereum-buterin-donates-to-quake-victims\/\" rel=\"nofollow\">donated $150,000<\/a><\/span><span style=\"font-weight: 400\">\u00a0to Anka Relief to fund a crypto aid project that would support T\u00fcrkiye after its recent earthquake experiences.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Although there have been many proofs of Buterin\u2019s propensity to donate to multiple charities, the crypto community has remained skeptical and vigilant, relentlessly monitoring the Ethereum founder\u2019s <\/span><a href=\"https:\/\/uniquehot.com\/press-releases\/vitalik-buterin-moves-4-9-million-worth-of-ethereum-shibarium-is-back-live-borroe-revolutionizes-web3\/\"><span style=\"font-weight: 400\">cryptocurrency activities<\/span><\/a><span style=\"font-weight: 400\">, as well as these recent high-value ETH transactions.\u00a0<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/bV97ioDI\/\" alt=\"Ethereum price chart from Tradingview.com (ETH founder Vitalik Buterin)\" width=\"2670\" height=\"1746\"><\/p>\n<pre style=\"text-align: center\">ETH price settles above $1,570 | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">ETHUSD on Tradingview.com<\/a><\/pre>\n<h2>Spokesperson Reveals $15 Million ETH Transfer From Kanro Charity<\/h2>\n<p><span style=\"font-weight: 400\">According to data from <\/span><a href=\"https:\/\/x.com\/peckshieldalert\/status\/96341956?s=46\" rel=\"nofollow\"><span style=\"font-weight: 400\">PeckShield Alert<\/span><\/a><span style=\"font-weight: 400\">, a blockchain security and auditing firm, Vitalik Buterin recently made a large-scale transaction of $15 million USDC to the Gemini Exchange.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This transaction in question is among the list of recent transfers associated with the Ethereum founder. These movements have prompted both curiosity and concern in the crypto community, as observers attempt to determine the underlying <\/span><a href=\"https:\/\/uniquehot.com\/news\/ethereum\/is-vitalik-buterin-selling-his-eth-stash-lets-take-a-look-at-his-transactions\/\"><span style=\"font-weight: 400\">motive behind Buterin\u2019s transactions<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/uniquehot.com\/shiba-inu\/shiba-inu-whale-32-4-million-shib\/\">Shiba Inu Whale Moves $32.4 Million In SHIB, Large Sell Incoming?<\/a><\/div>\n<p><span style=\"font-weight: 400\">A <a href=\"https:\/\/cointelegraph.com\/news\/ethereum-cofounder-vitalik-buterin-sends-usdc-to-gemini\" rel=\"nofollow\">report<\/a> from <\/span><span style=\"font-weight: 400\">Cointelegraph<\/span><span style=\"font-weight: 400\"> said an Ethereum Foundation Spokesperson has clarified the details behind the lofty transaction. According to the Spokesperson, the $15 million USDC transfer was only executed under Buterin\u2019s Ethereum Name Service (ENS) and not from his wallet address.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The spokesperson also supposedly confirmed that the funds were from a transfer made by a charity multi-sig wallet, <\/span><a href=\"https:\/\/x.com\/vitalikbuterin\/status\/78587927?s=46\" rel=\"nofollow\"><span style=\"font-weight: 400\">Kanro<\/span><\/a><span style=\"font-weight: 400\">, which is closely linked to Buterin to sponsor a grant.<\/span><\/p>\n<div class=\"disclaimer-shortcode\">Featured image from U.Today, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A crypto wallet owned by the Ethereum founder Vitalik Buterin has seen a series of transactional activities lately, piquing the interest of crypto community members at a time when Ethereum selling pressures are rising.\u00a0 Following this, Buterin has taken the initiative to address the concerns regarding his recent transfer of digital assets to multiple exchanges.\u00a0 Ethereum Co-Founder Discloses Truth Behind Multi-Transfers In a recent post on Warp Cast, a decentralized social network, Russian-Canadian computer programmer and founder of Ethereum, Vitalik Buterin publicized the real reason behind the latest ETH transfers made via his wallet address.\u00a0 Related Reading: BlackRock Reacts To False Bitcoin Spot ETF Approval News In A Positive Way Buterin explained to the public that the large-scale ETH transactions that were performed using his wallet were not sold by him. He stated that over the years, he has mostly focused on donating large sums of Ethereum funds to charity organizations and other projects. He further solidified his claims saying that he had not sold ETH for personal profits since 2018.\u00a0 \u201cIf you see an article saying \u2018Vitalik sends XXX ETH to [exchange]\u2019, it&#8217;s not actually me selling, it&#8217;s almost always me donating to some charity or nonprofit or other projects, and the recipient selling because, well, they have to cover expenses,\u201d Buterin stated.\u00a0 Buterin is well-known for his philanthropic acts toward charity organizations and medical interventions. The Ethereum co-founder made headlines in 2021, after donating $1 billion worth of SHIB tokens to a COVID-19 relief fund in India.\u00a0 Additionally, in February 2023, Buterin donated $150,000\u00a0to Anka Relief to fund a crypto aid project that would support T\u00fcrkiye after its recent earthquake experiences. Although there have been many proofs of Buterin\u2019s propensity to donate to multiple charities, the crypto community has remained skeptical and vigilant, relentlessly monitoring the Ethereum founder\u2019s cryptocurrency activities, as well as these recent high-value ETH transactions.\u00a0 ETH price settles above $1,570 | Source: ETHUSD on Tradingview.com Spokesperson Reveals $15 Million ETH Transfer From Kanro Charity According to data from PeckShield Alert, a blockchain security and auditing firm, Vitalik Buterin recently made a large-scale transaction of $15 million USDC to the Gemini Exchange.\u00a0 This transaction in question is among the list of recent transfers associated with the Ethereum founder. These movements have prompted both curiosity and concern in the crypto community, as observers attempt to determine the underlying motive behind Buterin\u2019s transactions. Related Reading: Shiba Inu Whale Moves $32.4 Million In SHIB, Large Sell Incoming? A report from Cointelegraph said an Ethereum Foundation Spokesperson has clarified the details behind the lofty transaction. According to the Spokesperson, the $15 million USDC transfer was only executed under Buterin\u2019s Ethereum Name Service (ENS) and not from his wallet address.\u00a0 The spokesperson also supposedly confirmed that the funds were from a transfer made by a charity multi-sig wallet, Kanro, which is closely linked to Buterin to sponsor a grant. Featured image from U.Today, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":555869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[13625],"tags":[8323,89213,16163,1946,89678,87556,7931,8686,78803,4398],"class_list":["post-555867","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum","tag-eth","tag-eth-news","tag-eth-price","tag-ethereum","tag-ethereum-donations","tag-ethereum-founder","tag-ethereum-news","tag-ethusd","tag-ethusdt","tag-vitalik-buterin"],"acf":[],"yoast_head":"\n<title>Real Reason Behind Ethereum Founder\u2019s Massive ETH \u2018Sales\u2019 Exposed<\/title>\n<meta name=\"description\" content=\"A crypto wallet owned by the Ethereum founder Vitalik Buterin has seen a series of transactional activities lately.\" \/>\n<meta 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