Ethereum co-founder Vitalik Buterin has recently attracted attention again. Yesterday (6th), he transferred approximately $799,000 worth of 2.09 million STRK tokens to Binance, suspected to be preparing to sell tokens for cash.
According to Onchain Lens tracking, Vitalik Buterin obtained these tokens over the past 5 months when they were worth approximately $1.51 million. However, due to the continuous decline in STRK token price during this period, this asset has evaporated $714,000.
Just In: Vitalik (@VitalikButerin) has deposited 2.09M $STRK, worth $799K, into #Binance. #Vitalik received these tokens over the last 5 months when they were worth $1.51M, currently incurring a loss of $714K.
He still has 15,862 $STRK, worth $6K… pic.twitter.com/ha8gd50xVq
— Onchain Lens (@OnchainLens) November 6, 2024
Vitalik Buterin's transfer yesterday was executed in 2 transactions. The first transfer was 97,152 STRK tokens, and the second transfer was 2 million STRK tokens. Both transfers flowed into Binance, the world's largest cryptocurrency exchange.
Vitalik Buterin participated in the seed round funding of StarkNet in May 2018, but the amount of his investment was not disclosed. It is reported that StarkNet raised a total of $6 million at that time.
So far, Vitalik Buterin still holds 15,862 STRK, valued at $6,000.
StarkNet is Ethereum's Layer2 scaling solution, designed to address the issues of speed and scalability in Layer1. However, the performance of the STRK token has been disappointing, having plunged over 90% since its launch in February this year.
In September this year, Vitalik Buterin unlocked 2.1 million STRK tokens from Starknet and then transferred them to a new wallet. At that time, some netizens speculated that Vitalik Buterin would sell these tokens, which could impact the STRK token price.
"Did 'V God' transfer 2.09 million STRK to Binance and lose $714,000 by 'selling too late'?" This article was first published on (Block Explorer).
