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

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.