1 year ago
Ethereum (ETH) co-founder Vitalik Buterin has dismissed caller speculations that helium is dumping his ETH bag, saying that helium hasn’t sold the integer plus for idiosyncratic summation since 2018.
“I haven’t “sold” ETH for idiosyncratic summation since 2018,” Buterin said.
Several media outlets person precocious reported however wallets connected to Buterin person sent Ethers to exchanges, suggesting that helium was dumping the cryptocurrency.
For context, CryptoSlate reported that a wallet linked to the Ethereum co-founder sent implicit 1,000 ETH to exchanges, chartless addresses, and a Gnosis Safe Proxy wallet during a seven-day play successful September.
Those transactions followed a akin inclination of others performed successful August and March, prompting speculations from the crypto assemblage that Buterin was softly divesting his holdings.
ETH transfers are donations
However, successful an Oct. 17 station connected Warpcast, Buterin clarified that the reported transactions were donations to “charity oregon nonprofit oregon different project.”
Buterin said this was not him straight selling the plus but the “recipients selling” due to the fact that “they person to screen expenses.” He said:
“If you spot an nonfiction saying ‘Vitalik sends XXX ETH to [exchange]’, it’s not really maine selling, it’s astir ever maine donating to immoderate foundation oregon nonprofit oregon different project, and the recipient selling because, well, they person to screen expenses.”
This connection aligns with caller transactions performed by 1 of the charities associated with Buterin, Kanro—a foundation focused connected researching planetary solutions for pandemics.
CryptoSlate, utilizing Arkham Intelligence data, confirmed that Kanro sent implicit $15 cardinal worthy of USDC stablecoin to a multi-signature wallet successful the past week. The wallet would aboriginal transportation $500,000 to Coinbase successful 2 transactions and $14.93 cardinal to Gemini.
Meanwhile, Buterin remains an ETH whale, per Arkham’s quality data. He holds nearly 250,000 Ether units worthy $390 cardinal successful his address.
The station Ethereum co-founder Vitalik Buterin refutes plus dumping claims appeared archetypal connected CryptoSlate.
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