Vitalik Buterin Surpasses 16,384 Ethereum Sale Target — Here’s Why He May Sell More
Vitalik Buterin sold over $34 million in ETH, exceeding his 16,384 token target, likely due to price depreciation since his initial plan.Summary
Ethereum co-founder Vitalik Buterin has sold 17,196 ETH, valued at approximately $34.96 million, surpassing his stated goal of selling 16,384 ETH. This excess sale volume is likely attributed to the decline in Ethereum's price since his initial announcement, as the original 16,384 ETH target was valued at about $43 million at the time. Buterin has framed these sales as part of a strategic funding shift to support the Ethereum Foundation's scaling roadmap and build open-source infrastructure, not a loss of confidence in the network. Despite these sales, Buterin remains a major holder with approximately 224,104 ETH remaining. The total amount he might sell further depends on whether his objective was a fixed dollar amount, which would necessitate selling more tokens now due to lower ETH prices.
(Source：CCN)