Is Vitalik Buterin Selling Ethereum (ETH)?

Ethereum co-founder, Vitalik Buterin, has denied selling any Ethereum (ETH) for personal gain since 2018. In a Tuesday statement made on the decentralized social network Warpcast, Buterin addressed concerns about his recent cryptocurrency wallet activities, assuring his followers that the transactions were primarily related to charitable donations and covering expenses rather than personal profit.

Timeline of Ethereum

Ripple Labs Inc. CTO David Schwartz has posed a thought-provoking question to the United States Securities and Exchange Commission (SEC) over the security status of Ethereum (ETH).

In a move to dispel rumors and speculations surrounding his recent Ethereum (ETH) transfers, Vitalik Buterin, the renowned founder of the Ethereum blockchain, took to social media to address the growing concerns of the crypto community.

Cardano founder Charles Hoskinson recently fired back at allegations surrounding the ETHGate scandal. For those out of the loop, this scandal purports that members of the Ethereum community allegedly bribed U.S. regulatory officials.

Ryan Sean Adams, one of the most vocal advocates for Ethereum, playfully opined that Ethereum's value dropping below the price of McDonald's would serve as the "ultimate bottom signal."

Ethereum's (ETH) value has experienced another decline this week, dropping to $1,557. This represents a 5% decline over the course of a week that has generally seen negative trends in the cryptocurrency market.

A closely followed crypto analyst says that traders may be underestimating Solana's (SOL) potential in the next bull market. In a new strategy session, the host of InvestAnswers says that his base-case thesis for SOL is that it should reach 10% of Ethereum's (ETH) market cap during the next market expansion.

ETH's net issuance has been rising after bouncing from its 3-month low. The net issuance surged as high as 0.50%, which is not only the highest recorded during that period but also higher than Bitcoin.

Unveiled in May 2022, the novel Ethereum (ETH) proposal is set to enable the creation of a completely new type of tokens with previously unseen functionalities. Familiar assets on Ethereum (ETH) and other EVM blockchains will be upgraded to small decentralized applications.

Today Lookonchain, an on-chain analytics firm, reported that an address associated with Ethereum co-founder Vitalik Buterin transferred 1,000 ETH tokens, valued at approximately $1.64 million, noting that the coins are likely headed to Bitstamp, a popular cryptocurrency exchange. Frequent Activity in Ethereum Co-founder's Wallet This isn't the first time that Buterin's wallet has been active.

Whales are major players in the industry who accumulate or dump tokens of various types of cryptocurrencies. They either take advantage of prices, macroeconomics, accumulate tokens or leverage falling prices to buy the token.