Vitalik Buterin, the co-founder of Ethereum, has strongly denied allegations that he has been selling ETH and causing the price to drop. In response to a comment on one of his posts about the future of Ethereum, Buterin stated that he has not sold any ETH in the past month and that his ETH holdings have actually increased.
Furthermore, Buterin addressed the sales made by the Ethereum Foundation, which has been the subject of recent discussions. He explained that these sales are necessary to fund the development of ETH and listed several benefits that have been made possible by these payments. These include the prevention of inflation, low transaction fees, faster transaction times, the ability to use ETH secretly through Zk Tech, and enhanced security measures.
Buterin also highlighted the various events organized by the foundation around the world and emphasized the fact that ETH has not experienced any downtime due to attacks or errors since 2016. He concluded by mentioning the libraries and code that the foundation has provided, which are essential for the use of ETH in wallets and decentralized finance applications.
It is important to note that this article does not provide investment advice.
