Home BlockchainVitalik Buterin Moves $29 Million Worth of Ethereum—Here's Why

Vitalik Buterin Moves $29 Million Worth of Ethereum—Here's Why

by Vivek Kumar
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Vitalik Buterin Moves $29 Million Worth of Ethereum—Here's Why

In brief

  • Buterin converted 13,217 ETH to wETH, reducing his balance from 241,000 to 227,268 ETH worth approximately $498.5 million.
  • The move supports the Ethereum Foundation’s austerity measures; Buterin previously sold ETH to Mike Novogratz for just $0.99 in 2015.
  • Ethereum has fallen almost 30% in a week, now trading at $2,090; Buterin has criticized its layer-2 roadmap, calling for “a new path.”

Ethereum founder Vitalik Buterin has moved 14,000 ETH out of his wallets and has sent $500,000 to his Kanro…

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