Vitalik Buterin Responds to ETH Sales Controversy Amid Growing Holdings

Vitalik Buterin, Ethereum’s co-founder and leading figure, has addressed criticism regarding significant ETH sales executed by the Ethereum Foundation.
In a recent post on X, Buterin discussed “important next steps” for
Ethereum
and faced inquiries about the Foundation’s recent ETH sales. In response to concerns about “dumping,” he clarified that he hasn’t sold any ETH in the last month and noted that his personal holdings have actually increased.
Buterin
explained
that the Ethereum Foundation’s sales were necessary to fund various crucial initiatives. He emphasized that these funds support researchers and developers who work on key projects, including measures to prevent Ethereum from losing 5 million ETH annually to proof-of-work mining, keeping transaction fees low, and ensuring quicker transaction processing times through EIP-1559.
Additionally, he
highlighted
the Foundation’s contributions to zk technology, which allows for private ETH usage, as well as organizing ETH-focused events worldwide, many of which do not prominently feature the Foundation.
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