Ethereum Co-Founder Vitalik Buterin’s Ether Holdings
Vitalik Buterin, co-founder of Ethereum, recently stated that he has not sold any of his ether holdings for personal gain since 2018. When you see reports of Buterin sending ether to exchanges, it is usually for donations to charities or other projects, with the recipient selling the tokens to cover expenses. This clarification is important because previous transfers by Buterin have led to speculation about potential sales and have even impacted crypto prices.
Current Ether Holdings
In 2018, Buterin mentioned that he owned about 0.9% of the total supply of ether, which was equivalent to a maximum of 675,000 coins when the total supply was 75 million. Currently, Buterin holds approximately 250,000 ether, valued at around $390 million. These figures are based on his publicly known addresses. However, Buterin has sent about 205,000 ether to exchanges over the years from these addresses. It is possible that he holds the rest of his ether in undisclosed addresses or has sent them to other parties.
Buterin’s Donations and Charitable Entity
It is worth noting that Buterin has sent more than 30% of his ether holdings to exchanges over the years for various purposes, including donations. In June, he established his own charitable organization called Kanro, which focuses on combating pandemics like Covid-19. The publicly known address associated with Kanro currently holds approximately 75 million USDC stablecoins.
Hot Take: Vitalik Buterin’s Transparent Actions
Vitalik Buterin’s recent statement clarifying his ether transfers emphasizes his commitment to philanthropy and supporting charitable causes. By actively donating a significant portion of his holdings, Buterin demonstrates his dedication to making a positive impact. This transparency and philanthropic mindset contribute to the overall credibility and trustworthiness of the crypto community.
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