🌐 Vitalik Buterin pledges to donate all his L2 tokens to support Ethereum ecosystem
Recently, Ethereum co-founder Vitalik Buterin made a major promise, saying that he would donate all of his Layer 2 (L2) tokens to support public goods and charities in the Ethereum ecosystem.
The incident started when someone accused Vitalik of selling more than $2 million worth of Ether (ETH) for his own profit. But he quickly clarified that he had not sold any ETH to make money for himself since 2018. He explained that the money he got from selling ETH was used to support the Ethereum ecosystem or other charitable projects.
Meanwhile, in an update on September 5, Vitalik reiterated his position and promised that he would donate all of his L2 tokens, including those that have not yet been listed. He said that the money will be used to support public goods within the Ethereum ecosystem or broader charities, such as biomedical research and development. He also said that he does not plan to invest in L2 or other token projects in the foreseeable future.
On August 30, someone accused Vitalik on social media X of selling more than $2 million worth of ETH shortly after releasing positive news about the future of Ethereum. Tracking data also showed that Vitalik transferred 800 ETH worth about $2 million to a multi-signature wallet and later exchanged it for a US dollar stablecoin.
Vitalik previously said that the ETH he had came from the early pre-mining of Ethereum, when 11.9 million ETH was distributed to early contributors. As one of them, he received 700,000 ETH for his contribution to the creation of the network.
According to data from blockchain tracking agencies, he now has about 240,000 ETH, which is about 460,000 ETH less than the initial reserve. 240,000 ETH is worth about $550 million at the current market value.
💬 What do you think of Vitalik's promise and the previous accusations against him? Share your views in the comments section!
