Vitalik Buterin Denies Allegations of Selling His ETH For Profit

Ethereum co-founder Vitalik Buterin has transferred approximately $10 million worth of Ether (ETH) to crypto exchange wallets in August, as tracked by Lookonchain. This follows data from Arkham Intelligence, which shows that since 2015, Buterin’s Ether address has seen outflows totaling around 422,000 ETH, valued at $1.04 billion as of September 1, 2024. Over the last two years, over 840,000 ETH have moved from this address. These transactions have sparked speculation that Buterin might be selling his Ether holdings to capitalize on gains, especially given that Ether’s current price is 180% higher than its 2022 low of $885. However, Buterin