Vitalik Buterin would have sold part of its ETH again

According to the analyst known on Twitter as "CryptoKea," Ethereum co-founder Vitalik Buterin has reportedly sold $ 45,000 of his Ethereums and may be planning to sell more.

Vitalik Buterin would have sold part of its ETH again

The magnifying glass on Vitalik

According to the analyst known on Twitter as "CryptoKea," Ethereum co-founder Vitalik Buterin has reportedly sold $ 45,000 of his Ethereums and may be planning to sell more. According to the analyst's research, Buterin sold his Ethereums to invest in the stablecoin that works on the Ethereum network: DAI. Buterin is one of the largest holders of Ethereum and many of the community members are very attentive to his actions as they believe that a massive sale by the Ethereum co-founder will cause panic and distrust in investors.

Research from "CryptoKea" suggests that Buterin sends its funds to different addresses before selling them. The analyst explained: "I am tracking the cryptocurrency portfolios of the main players in the industry. Vitalik has probably just converted 250 ETH to $ 45,000 in DAI. It is not much compared to what he owns in ETH, but what is interesting is which recently continues to spread small quantities to new addresses before they are sold. " Buterin's intention to try to hide his sales as much as possible makes community members nervous who wonder: what is the reason for Buterin's hiding his sales? Well, the possible answer could be that Buterin is very aware of the influence that his actions have on the Ethereum community, so he tries not to foment panic and mistrust when making sales that can be misinterpreted by community members. However, this is only one possible theory.

This is not the first time that Buterin's sales have been speculated. In December 2019, a transaction of 90,000 ETH (USD 11.5 million) was registered from an account associated with Buterin since 2016 to the crypto exchange Kraken. During January 2018, Vitalik Buterin himself confirmed that he sold Ethereums, together with the Ethereum Foundation, for a value of USD 100 million when the price of Ethereum was around approximately USD 1,400. Despite all this news, for those who believe in the potential of technology in the medium and long term, Buterin's actions regarding his Ethereum holdings are not as important as they believe that what gives Ethereum value is its structure and operation.