{"id":555867,"date":"2023-10-18T10:00:28","date_gmt":"2023-10-18T10:00:28","guid":{"rendered":"https:\/\/wncen.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:\/\/wncen.com\/news\/ethereum\/ethereum-founder-eth-sales\/","title":{"rendered":"Real Reason Behind Ethereum Founder\u2019s Massive ETH \u2018Sales\u2019 Exposed"},"content":{"rendered":"

A crypto wallet owned by the Ethereum founder 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

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

Ethereum Co-Founder Discloses Truth Behind Multi-Transfers<\/h2>\n

In a recent post on <\/span>Warp Cast<\/span><\/a>, a decentralized social network, Russian-Canadian computer programmer and founder<\/a> of <\/span>Ethereum<\/span>, Vitalik Buterin publicized the real reason behind the latest ETH transfers made via his wallet address.\u00a0<\/span><\/p>\n

Related Reading: BlackRock Reacts To False Bitcoin Spot ETF Approval News In A Positive Way<\/a><\/div>\n

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<\/a> for personal profits since 2018.\u00a0<\/span><\/p>\n

\u201cIf you see an article saying \u2018Vitalik sends XXX ETH to [exchange]\u2019, it’s not actually me selling, it’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

Buterin is well-known for his philanthropic acts toward charity organizations and medical interventions. The Ethereum co-founder made <\/a><\/span>headlines<\/span> in 2021, after donating $1 billion worth of SHIB tokens to a COVID-19 relief fund in India.\u00a0<\/span><\/p>\n

Additionally, in February 2023, Buterin donated $150,000<\/a><\/span>\u00a0to Anka Relief to fund a crypto aid project that would support T\u00fcrkiye after its recent earthquake experiences.<\/span><\/p>\n

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>cryptocurrency activities<\/span><\/a>, as well as these recent high-value ETH transactions.\u00a0<\/span><\/p>\n

\"Ethereum<\/p>\n

ETH price settles above $1,570 | Source: ETHUSD on Tradingview.com<\/a><\/pre>\n
Spokesperson Reveals $15 Million ETH Transfer From Kanro Charity<\/h2>\n
According to data from <\/span>PeckShield Alert<\/span><\/a>, 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
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>motive behind Buterin\u2019s transactions<\/span><\/a>.<\/span><\/p>\n
Related Reading: Shiba Inu Whale Moves $32.4 Million In SHIB, Large Sell Incoming?<\/a><\/div>\n
A report<\/a> from <\/span>Cointelegraph<\/span> 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
The spokesperson also supposedly confirmed that the funds were from a transfer made by a charity multi-sig wallet, <\/span>Kanro<\/span><\/a>, which is closely linked to Buterin to sponsor a grant.<\/span><\/p>\n
Featured image from U.Today, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"
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’s not actually me selling, it’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":"\nReal 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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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/wncen.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Real Reason Behind Ethereum Founder\u2019s Massive ETH \u2018Sales\u2019 Exposed","url":"http:\/\/wncen.com\/news\/ethereum\/ethereum-founder-eth-sales\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ethereum\/ethereum-founder-eth-sales\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Ethereum-founder-Small.jpeg?resize=200%2C180","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Ethereum-founder-Small.jpeg?fit=320%2C180"},"articleSection":"Ethereum","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["eth","eth news","eth price","ethereum","ethereum donations","ethereum founder","ethereum news","ethusd","ethusdt","vitalik buterin"],"dateCreated":"2023-10-18T10:00:28Z","datePublished":"2023-10-18T10:00:28Z","dateModified":"2023-10-18T10:00:28Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Real Reason Behind Ethereum Founder\\u2019s Massive ETH \\u2018Sales\\u2019 Exposed\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-founder-eth-sales\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ethereum\\\/ethereum-founder-eth-sales\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Ethereum-founder-Small.jpeg?resize=200%2C180\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/Ethereum-founder-Small.jpeg?fit=320%2C180\"},\"articleSection\":\"Ethereum\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"eth\",\"eth news\",\"eth price\",\"ethereum\",\"ethereum donations\",\"ethereum founder\",\"ethereum news\",\"ethusd\",\"ethusdt\",\"vitalik buterin\"],\"dateCreated\":\"2023-10-18T10:00:28Z\",\"datePublished\":\"2023-10-18T10:00:28Z\",\"dateModified\":\"2023-10-18T10:00:28Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/10\/Ethereum-founder-Small.jpeg?fit=320%2C180","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/555867"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=555867"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/555867\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/555869"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=555867"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=555867"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=555867"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}