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.
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.
Justin Sun, founder of Tron and a prominent figure in the cryptocurrency world, has voiced strong criticisms of Coinbase’s Bitcoin counterpart, cbBTC.
Nik Storonsky, the founder and CEO of fintech powerhouse Revolut, has reportedly offloaded shares valued between $200 million and $300 million in the company.
A relatively new decentralized exchange (DEX) is making significant strides, according to digital asset analytics firm IntoTheBlock.
Tom Lee of Fundstrat is forecasting a strong performance for the stock market in the coming weeks, following the conclusion of the Federal Open Market Committee (FOMC) meeting.