Three years ago, Vitalik Buterin said he had 325,000 ETH ($1.46 billion at the time) when the ETH price was $4,500. Now he has 240,000 ETH ($600 million). Over the past 3 years, he has reduced his assets by 85,000 coins.

🤔 Why is the founder selling coins?

So how can we be sure of the development of the blockchain if the founder himself is actively dumping his coins? At first glance, this may cause concern among investors and market participants. Some media outlets are very fond of picking up and inflating such information, misleading ordinary yukhers.

🙅 Actual ETH expenses

However, everything is much simpler. Vitalik and the Ethereum Foundation have repeatedly explained that ETH sales are aimed at funding the ecosystem and issuing grants. In particular, sales are necessary to pay out millions of dollars to third-party developers who require significant funds. Prysmatic Labs, Status, Sigma Prime, ChainSafe Systems and many other projects have received funding from Vitalik.

🦊 To sum it up:

Support and development of projects in the Ethereum ecosystem require significant financial investments. Regular sales of ETH by the Ethereum Foundation are part of a strategy to provide additional liquidity for these purposes, and not a sign of mistrust in the blockchain. If the founder is dumping a token, it is very important to receive information about the purpose of this action, everything is ok with Ether.

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