**Vitalik Buterin Reaffirms Commitment to Ethereum Amid Speculation**

Vitalik Buterin, co-founder of Ethereum, has recently addressed rumors regarding the sale of large amounts of Ether (ETH) for personal gain. Buterin clarified that his actions are intended to benefit the Ethereum ecosystem and support philanthropic causes, emphasizing that he has not sold any ETH for profit since 2018.

On August 30, Buterin transferred over $2 million worth of Ether to a multi-sig wallet, sparking further speculation. He responded by stating that these funds are allocated to support Web3 projects, reflecting his commitment to Ethereum's decentralized future.

Buterin also defended Ethereum's core principles against accusations of neglecting decentralized finance (DeFi). He reiterated Ethereum's commitment to permissionless and decentralized systems, aiming to build useful and sustainable applications.

Despite the noticeable decline in his Ether holdings, Buterin explained that this reduction is due to his continuous support for ecosystem-beneficial projects. His transparency reassures investors and supporters that his actions align with Ethereum's broader mission.

As Ethereum evolves, Buterin's vision remains central to its direction, focusing on sustainability, ethical development, and decentralized technologies. His dedication ensures Ethereum's continued prominence in the blockchain world.