Vitalik Buterin, the creator of Ethereum (ETH), admitted that he sold his Ethereum holdings and donated them for fiat currencies when the price was $ 700.
Although not specified, it seems unlikely that Buterin sold his entire stake in Ethereum - although the amount of Ethereum he owns today is not currently known.
According to Coin Telegraph, Buterin also said that he had not purchased any Bitcoin (BTC) since before 2017.
and stated that on his advice, the Ethereum Foundation also sold its holdings near its all-time high of $ 1,200.
On a previous podcast with Eric Weinstein, it was determined that the foundation had filtered 70,000 Ethereum at this price.
while the relationship is unclear, the corporation's liquidation of its holdings likely precipitated the Ethereum price collapse in 2017.
(Amazon Fun Knowledge)
