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Trending News:Arbitrum Exploit: How $140,000 Disappeared in Crypto HackUkraine Accepts U.S. 30-Day Truce Proposal: Potential Bitcoin Surge AheadBitcoin’s Rollercoaster: Dipping 30% from its PeakBitcoin Drops Amid Trump’s Economic MovesFormula 1 Season Starts with Crypto Sponsors Racing for the SpotlightPresident Trump Establishes Strategic Bitcoin ReserveTrump’s World Liberty Financial’s Crypto Splash: A $21.5M DiveSenate Says No to Biden’s IRS DeFi RuleEthereum Dips Below $2,100: A 15-Month LowBitcoin: A Risky Ride in the World of CryptoBitcoin Takes a Tumble: The Rollercoaster Ride Below $80KWhales Make Waves: Ethereum’s $94M ETF Outflow BluesBitcoin’s Big Slip: How the Crypto Giant Dropped Below $90KBybit Heist: $250M in Ethereum VanishesSEC Steps Back: OpenSea’s Big WinSingaporean Woman Sentenced for $4.2M Crypto FraudIndian Authorities Seize $190M in Crypto from BitConnectCoinbase’s Rise: Analysts See Potential Surge to $350FBI’s Operation Level Up Foils $285M Crypto ScamBrian Quintenz’s Comeback to CFTC: Impact on Crypto RegulationWhy North Carolina’s Bitcoin Bill is a Game-ChangerBerachain’s Rocky Road: A Bumpy Ride Despite Crypto ExposurePolymarket Users Place Big Bets on Trump’s NominationsPresale Crypto Coin Surges – Can It Beat Cardano & Ripple?Horowitz’s Move: Leaving London for U.S. Crypto GrowthEthereum and the $2.3 Billion Web3 Disaster in 2024Crypto Staking Gets Green Light from UK TreasuryWill Cardano or Lightchain AI Hit the Big Time First?Goldbet888UFUNPotential Challenges to Bitcoin’s Bull Run in 2025Bo Hines Leads Trump’s Crypto VisionTop 5 Cryptos to Boost Your Portfolio by 2025DuckChain Raises $5M Through New PartnershipsCoinbase Fights Back Against BiT Global wBTC Delisting ClaimsTrump’s $55M Ethereum Move and Its Impact on SOL and LNEXChillGuy Meme Coin Drops After IP DisputeFloki’s Price Set to Rise with MONKY AirdropEthereum Faces Challenges as ETF Inflows GrowPutin’s Support Boosts Bitcoin’s Unstoppable GrowthCoinbase Launches Dogwifhat Trading in New YorkCYBRO’s Amazing Rise: From $0.045 to $20Crypto Trader’s Bold XRP Prediction: Staying Above $1Indonesia’s Crypto Boom: 350% Surge Explained6 Promising Cryptos for 2025: Beyond BitcoinBitcoin’s Active Addresses Near 1 Million3 Crypto Tokens Changing the MarketInvestors Rethink Crypto After Sui StrugglesSuiHub’s $200K Boost: Big Help for StartupsCZ Warns of Mac and iPhone Exploits UncoveredBONK Price Soars After Upbit ListingTON & SUI Soar: Whales Watch LunexSHIB, DOGE, and PEPE Meet Their Match Enter DOGENRestoring Trust in US Elections with BlockchainTurn Missed DOGE and SHIB into Opportunities Top 5 Tokens to WatchCrypto Heist Mastermind Gets 5-Year SentenceBitcoin’s Open Interest Hits Record High: What’s Next?Exciting Crypto Updates: XRP, TON, & Yeti Ouro’s MovesXYZVerse Presale Hits $500K: XRP & Solana’s RiseAlameda’s Big Move: Lawsuit Shakes Crypto WorldWeb3 Loyalty Programs: Challenges and OpportunitiesRollblock’s Rising Star Surpasses Dogecoin and Shiba InuFrench Bettor’s $79M Bet Sparks ControversyTrump’s Promises Shaping Bitcoin’s $250k FutureBitcoin’s Surge to $80K During US Election BuzzMeme Coins Surge Ahead of US Election | Crypto NewsKraken Secures $42.5M; Glow Labs Raises $30MUBS Introduces First Tokenized Investment Fund on EthereumDeFi TVL Surpasses $90B for the First Time in 3 MonthsCoinDCX Launches Decentralized Custody After WazirX HackWhat Happens to Meme Coins if Trump Wins 2024?Bitcoin Whales Nervous Before US ElectionStripe Acquires Bridge for $1.1B Bluesky Raises $15MPutin’s Plan to ‘Destroy the US Dollar’ and Digital Assets’ RoleRipple Bold Move: Why They Are Supporting Kamala HarrisRecord $79.1M Outflows from Bitcoin ETFsWill Congress Control Crypto and Election Bets?Is Bitcoin Heating Up for a $100K Surge?What Will It Take to Accomplish Real Blockchain Interoperability?How Will Crypto Impact the Senate? Warren vs. DeatonBinance Labs Invests in Bitcoin Liquid Staking Project LombardBitcoin Crosses $67K to Hit 2-Month HighBitcoin ‘Uptober’ in Play Ahead of US ElectionCan Regulation Fix Trust Issues in Crypto?Organizations Accept Cryptocurrency Donations to Help Those Impacted By Hurricanes Helene and MiltonBitcoin Gets a Boost as Mt. Gox Postpones RepaymentsWall Street Is on a Bull Run—It’s Nothing Compared to BitcoinTradFi vs. DeFi: Two Worlds Converging—Insights from Zignaly Co-FounderAxelar Launches Mobius for Cross-Chain InteroperabilityTether’s Role in Inflation: Key Documentary InsightsBitcoin ETF Outflows Surpass $300M, Analysts Warn of Key Price LevelsBitcoin Hits $62K as FTX, Beam, and Shiba Inu SurgeBinance CZ Released, Bitcoin 70k October PredictionDigital Asset Inflows Surge for the Third Week, Totalling $1.2 BillionShould You Buy iShares Bitcoin Trust ETF While It’s Under $40?12 Most Popular Types of Cryptocurrency in 2024The Next Evolution in Bitcoin’s Marketing StrategyBinance CEO Richard Teng discusses CZ’s upcoming release21.co integrates Chainlink’s proof reserve on Solana and EthereumBitcoin jumps while Japan holiday dulls most currencies
Ethereum Founder Vitalik Buterin Clarifies Latest 190 ETH Sale Amid Concerns
As reported by Bitcoinist, Buterin first transferred 3,000 ETH, worth about $8.04 million at the time, to the multisig wallet on August 9. Twenty days later, he sent another 800 ETH, valued at $2.01 million, to the same address. The multisig then converted 190 ETH into 477,000 USDC.
Following the news, the crypto community criticized Buterin, accusing him of “bullposting while dumping” on the market. Some expressed concern about Ethereum’s price future, as developers seemed to be “dumping on us.” However, a few investors defended Buterin, saying that taking profits occasionally is reasonable. Buterin himself responded to these accusations, stating that he does not sell tokens for personal gain.
In a post on X, Buterin clarified that all of his sales since 2018 have been to support projects he finds valuable, both within the Ethereumecosystem and beyond, including charitable causes like biomedical research and development.
Is Vitalik Still Selling?
Despite these clarifications, fresh concerns arose when on-chain data firm Lookonchain revealed on September 11 that Buterin’s multisig wallet had sold another 190 ETH. The transaction, valued at 441,971 USDC, was part of a broader pattern. Since August 30, Buterin’s multisig had sold 950 ETH, worth $2.27 million, at an average price of $2,396.
This 950 ETH was sold in five separate transactions of 190 ETH each, occurring every three days. After the final sale, Buterin deposited the proceeds from the 950 ETH into the decentralized protocol Aave. public goods.
The news alarmed some community members, who again criticized Buterin for selling while publicly promoting Ethereum. Some even questioned the validity of his previous statements.
In response, Buterin posted another explanation on X, stating that the recent transaction was triggered by an “automatic cowswap twap order” initiated by a bio-defense group he supports.