Ethereum its founder, Vitalik Buterin, received 25 trillion from an unidentified address. SHIT sold it.
The total amount of tokens disposed of by Buterin through Uniswap is estimated to be 33,475 USDC. As a result, the altcoin’s price has lost approximately 50%.
Projects Hoping to Be Spotted Send Free Cryptocurrency to Vitalik Buterin
According to PeckShieldAlert, the coins were transferred to vitalik.eth, owned by the founder of Ethereum, two months ago. Many Ethereum-based projects, cryptocurrency It transfers some of its tokens to Vitalik Buterin as they hope to be noticed by its community.
#PeckShieldAlert PeckShield has detected vitalik.eth 0xd8da6b…7aa96045 @VitalikButerin left 25 trillion $SHIT (~$33k) on Uniswap. https://t.co/ILVS3NnUPt
vitalik.eth received 25 trillion $SHIT airdrops from pieceofshit: Deployer (0x87FaDF…CEF703c5) 60 days ago. pic.twitter.com/shiULoOq93— PeckShieldAlert (@PeckShieldAlert) August 4, 2022
It is unknown why Vitalik held these tokens for so long. However, Buterin may have started cleaning his wallet as he will switch to the Ethereum Proof of Stake mechanism.
As Vitalik tries to clear his portfolio of various questionable assets, other important developments are taking place in the backdrop of Ethereum, with billions of dollars. It looks like another possible hard fork of the Ethereum network could be a bigger scourge for Buterin.
As a result of blockchain abandoning the PoW consensus, miners have come to realize that their expensive ETH mining equipment will be out of order and they will never get a return on the resources they have invested.
Chandler Guo, one of the important representatives of the Chinese mining ecosystem, recently said that he will create a hard fork for ETH and that this new chain will continue to work in the Proof of Work mechanism.
However, miners will be able to continue mining on Ethereum Classic, which formerly appeared as an Ethereum hard fork. This situation draws attention as it has reflected quite positively on the price of ETC in recent days.
*Not investment advice.