🔥Vitalik Buterin's large transfer of ETH has triggered market speculation, and the suspicion of Ethereum selling has resurfaced?
🚀 Recently, Vitalik Buterin, the genius founder of Ethereum, has made another large transfer, which has caused the entire crypto community to explode! He transferred 800 ETH worth more than 2 million US dollars to a multi-signature wallet, and then exchanged 190 ETH in it for stablecoin USDC.
🤔 Everyone began to speculate, is Buterin going to start selling ETH? This is not the first time he has done this. On August 9, he also transferred 3,000 ETH worth more than 8 million US dollars to the same wallet.
🐳 This series of actions has heated up the discussion in the community about whether Ethereum can be used as a long-term value storage. After all, everyone is worried that these big players (we call them "whales") will suddenly sell a large amount of ETH.
💼 Moreover, this happened when everyone was speculating about how the Ethereum Foundation would manage ETH reserves. Just a week ago, the foundation transferred 35,000 ETH worth $94 million to the Kraken exchange, which made many people question their transparency.
💸 However, the foundation's executive director came out to clarify that this was normal fund management to cover operating expenses, including grants and salaries. Buterin also responded to everyone's concerns, saying that 90% of his net worth is in ETH and he receives a salary of $140,000 from the foundation every month.
🔍 According to Lookonchain data, since January this year, the Ethereum Foundation has sold 239,000 ETH worth $654 million. In July, they also transferred ETH worth $290 million, and this wallet has not been moved for seven years.
👀The actions of whales are always the focus of everyone's attention because their actions can affect the entire market. Buterin's wallet is particularly eye-catching.
📈Now, the price of ETH is $2,526. In 30 days, ETH has fallen by nearly 15%, and the market value is about $304.1 billion. At the current price, the 240,171 ETH in Buterin's hands is worth about $607.3 million. $ETH
💬 What do you think? What do you think Buterin and the Ethereum Foundation are doing? Is it a strategic position adjustment or another round of market crash?See you in the comments section!
