Vitalik Buterin Announces Donation of Layer-2 Tokens to Support Ethereum Ecosystem

Ethereum co-founder Vitalik Buterin has addressed speculation regarding his recent crypto transactions, revealing that he plans to donate all Layer-2 and other project tokens to support public goods within the Ethereum ecosystem.

Recently, Buterin transferred 2.1 million Starknet tokens, valued at around $858,000, to a new wallet and unlocked 1.268 million STRK tokens, worth about $470,000, from Starknet’s grant.

This has led to rumors of a potential selloff, despite Buterin being a seed investor in Starknet.

Buterin clarified in a recent X post that he has not sold any assets for personal gain since 2018. Instead, he has used funds to support valuable projects.

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He now intends to donate all Layer-2 and project tokens held in his wallets to support Ethereum public goods and broader charitable causes.

He also stated he will refrain from investing in Layer-2 tokens or similar projects in the near future, aiming to fund initiatives that align with his values and support underappreciated aspects of the ecosystem.

Alexander Stefanov