<\/p>\n
Ethereum (ETH<\/a>) creator Vitalik Buterin says he hasn\u2019t sold ETH for personal gain since 2018.<\/p>\n Buterin notes<\/a> on the decentralized social media network Warpcast that people should be wary of news articles reporting on his ETH moves.<\/p>\n \u201cIf you see an article saying \u2018Vitalik sends XXX ETH to [exchange],\u2019 it\u2019s not actually me selling, it\u2019s almost always me donating to some charity or nonprofit or other project, and the recipient selling because, well, they have to cover expenses.\u201d<\/em><\/p>\n A wallet owned by Buterin shifted 600 ETH worth over $1 million to top US crypto exchange Coinbase in August, according to Ethereum blockchain tracker Etherscan.<\/p>\n In March, Buterin moved 200 ETH worth over $323,000 to a wallet of unknown origin, according to Blockchain security firm Peckshield. The ETH trove was subsequently transferred to the crypto exchange Kraken<\/a>, where it could potentially be sold on the open market.<\/p>\n The security firm also reported that the Ethereum founder sent 500 ETH to stablecoin-focused decentralized finance (DeFi) protocol Reflexer earlier that month. Reflexer is a platform\u00a0designed<\/a>\u00a0to enable users to mint stablecoins by using their crypto as collateral.<\/p>\n Buterin used<\/a>\u00a0the 500 ETH as collateral to accumulate stablecoins to the tune of 378,500 USD Coin (USDC<\/a>) and 50,000 Dai (DAI<\/a>).<\/p>\n ETH is trading at $1,574 at time of writing.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
\n
\nCheck Price Action<\/a><\/span><\/em>
\n
\nFollow us on Twitter<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nSurf The Daily Hodl Mix<\/a><\/span><\/em>
\n<\/p>\n