Recently, Ethereum co-founder Vitalik Buterin sold $341,000 worth of meme coins, including MOODENG, after ETH hit $2,400. This sparked widespread speculation as to why he made this move, especially in a volatile market.

Supporting TornadoCash Developers

Buterin’s sale was not just a financial maneuver; he quickly converted the proceeds into ETH to support a legal cause. He donated 100 ETH to the “Free Alexey & Roman” campaign, aiding TornadoCash developers involved in legal challenges over privacy solutions.

ETH Market Impact

Ethereum’s price consolidation above $2,400 shows stability despite market volatility. Buterin’s actions may signal his continued commitment to the Ethereum ecosystem, emphasizing decentralized finance and privacy.

What Does This Mean for Ethereum?

Buterin’s support for privacy projects like TornadoCash, coupled with Ethereum’s steady market performance, could influence future market sentiment. Investors remain watchful of ETH’s next moves in the context of broader market dynamics and Buterin’s strategies.

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