Ethereum co-founder Vitalik Buterin has announced that he will donate all of his cryptocurrency holdings, including Ethereum and Layer 2 tokens, to support the Ethereum ecosystem and broader charitable causes. He has also stated that he will no longer invest in new token projects, opting instead for direct donations to initiatives he deems valuable.
Ethereum co-founder Vitalik Buterin’s recent transfer of 800 ETH, followed by the conversion of a portion into stablecoins, has fueled market speculation about a potential selloff. This move, combined with other recent transfers and Buterin’s history of significant donations, has raised questions about the purpose of these transactions and their potential impact on the Ethereum market.
Ethereum co-founder Vitalik Buterin has publicly stated his strong belief in ETH as a store of value, revealing that he holds roughly 90% of his net worth in the cryptocurrency. This statement comes amidst discussions about the Ethereum team’s reluctance to promote ETH’s monetary aspects. Buterin’s comment suggests a significant confidence in Ethereum’s long-term value proposition.
