Vitalik Buterin defends the latest ETH sales and says they are intended for projects and charitable purposes

• Vitalik Buterin makes it clear that ETH sales served projects and charitable purposes and not the profit.
• three years ago he had 325,000 ETH, now there are 240,000 ETH.
• Buterin also defended the support of Ethereum for Defi despite the criticism of some experts in this area.

Ethereum co-founder Vitalik Buterin has commented on the allegations in connection with his ether sales (ETH) and clarified that he did not serve a personal profit in these transactions, but rather to support the intention to support web3 projects and charitable initiatives.

According to a current contribution by the on-chain analysis company Lookonchain, Berin has reduced its ETH stocks by $ 85,000 ($ 209 million) in three years.

3 years ago, @vitalikbuterin Noopener "Target =" _ blank "href =" https://twitter.com/search?q=%24eth&src=ctag&ref_src=twsrc%5etfw "> $ ETH (then $ 1.46 billion), as the price for $ ETH was

Now he holds 240,000 $ eth (592 million USD).

He reduced its stocks by 85,000 $ eth ($ 209 million $) in 3 years. pic.twitter.com/lg2bzcvd4a

- Lookonchain (@lookonchain) 30. August 2024

The latest example is the transfer of 800 ETH worth over $ 2 million to a multi-sig wall. Lookonchain pointed out that the same wallet address had received 3,000 ETH from Buterin on August 9, which aroused doubts about the motives behind Buiterins.

vitalik.eth ( @vitalikbuterin ) transferred 800 $ ETH ($ 2.01 million) ago again 40 minutes ago on a multisig-wallet.

The MultiSig-Wallet exchanged 190 $ eth for 477k $ usdc

on 9. August $ eth (8.04 million $) To this multi -igig-Wallet. href = "https://t.co/81vf39bvbl"> https://t.co/81vf39bvbl pic.twitter.com/6ilwtcqvpg

- Lookonchain (@lookonchain) 30. August 2024

Vitalik Buterin denies the sale of ETH for the purpose of making a profit

In response to this, buterin decided all the allegations that he had sold ETH to a personal profit. He made it clear that he had no longer sold an ether for personal financial profits since 2018. Instead, he explained that his ETH sales were intended to support various web3 projects and philanthropic efforts.

I have not sold anything since 2018 and kept the proceeds. All sales served to support various projects, which I think is valuable, either within the Ethereum ecosystem or for non-profit purposes in the broader sense (e.g. biomedical research and development).

- vitalik.eth (@vitalikbuterin) 31. August 2024

With his explanation, butterin wants to underline his many years of commitment, his resources for promoting important concerns and not to use it for his personal enrichment.

support from Ethereum and Defi

Buterin's statements also touch his attitude towards decentralized finances (Defi) and the wider Ethereum ecosystem. He has become criticized because Ethereum Defi is said to be sufficiently supported.

Kain Warwick, the inventor of the concept of the Yield Farming, and Milliξ, a cryptophilosopher, criticized butterin for his supposed lack of emphasis on defi.

but however defended the role of Ethereum in the defi area and its position with the statement that he thinks “Dexes is great and I use it every week.”

I would like to see applications that (i) are sustainable in a sustainable way and (II) do not give up the principles (permission, decentralization, etc.).

I think dexes are great and use them every week.

I think decentralized stable coins ...

- vitalik.eth (@vitalikbuterin) 25. August 2024

Buterin's defense reflects his commitment to ensure that Ethereum continues to support meaningful and sustainable developments in the blockchain area. He has always spoken out for the importance of long-term value compared to temporary profits and confirms his position that the Ethereum network should focus on fundamental principles and not on temporary trends.

by responding to these allegations and defending the role of Ethereum in the Defi area, but Beterin affirms his commitment to the more comprehensive vision of a decentralized and effective digital future.