Ethereum co-founder Vitalik Buterin has recently drawn attention again. Yesterday (6th), he transferred STRK tokens worth about $799,000, totaling up to 2.09 million, to Binance, suspected of preparing to sell for cash.
According to Onchain Lens tracking, Vitalik Buterin acquired these tokens in the past 5 months, which were worth about $1.51 million at the time. However, due to the continuous decline in the price of STRK during this period, this asset has evaporated $714,000.
Image source: Block客
Vitalik Buterin's transfer yesterday was executed in two transactions. The first transaction involved 97,152 STRK tokens, and the second transaction involved 2 million STRK tokens. Both transfers flowed into Binance, the world's largest cryptocurrency exchange.
Vitalik Buterin participated in the seed round financing 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 an Ethereum Layer 2 scaling solution aimed at addressing the issues of speed and scalability in Layer 1, but the performance of the STRK token has been disappointing, having plummeted over 90% since its launch in February of 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 price of STRK.
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This article is reprinted with permission from: Block客
