Vitalik Buterin refutes claims of selling Ethereum for profit

On Friday, August 30th, Golden Finance reported that blockchain data tracker Lookonchain revealed that Buterin transferred 800 ETH (worth about $2 million) to a multi-signature wallet. Shortly thereafter, the recipient address exchanged 190 ETH for 477,000 USDC. This latest transfer prompted a member of the encryption community on X to accuse Buterin of ignoring comments on his recent ETH transfer. Subsequently, another encryption community responded that there was nothing wrong with Ethereum co-founder profiting from selling ETH. However, Buterin responded to the supportive post on X, claiming that he had not sold any ETH for profit. He stated, "Since 2018, I have never sold and retained profits. All sales have been used to support various projects that I believe are valuable, whether within the Ethereum ecosystem or broader charitable institutions (such as biomedical research)."