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Ethereum co-founder Vitalik Buterin has pledged to donate all Layer 2 tokens he holds to support public goods within the Ethereum ecosystem or broader charitable causes.Buterin was quick to respond to the allegations, emphasizing that he has not sold any ETH for personal profit since 2018. Instead, hethat any proceeds from his ETH sales have been directed toward projects that contribute to the Ethereum ecosystem or other charitable initiatives.
He wrote, “All proceeds will be donated, again either to support public goods within the Ethereum ecosystem or broader charity . I also do not intend to invest into L2s or other token projects in the foreseeable future.” He explained that his aim in funding projects is to support initiatives he believes are important, particularly in situations where other parts of the ecosystem may not fully recognize their value.that Vitalik had transferred 800 ETH, worth around $2 million, to a multi-signature wallet. Shortly after, the wallet swapped 190 ETH for 477,000 USDC.
Further analysis from Lookonchain indicated that on August 9, he had moved an additional 3,000 ETH, valued at over $8 million, to the same multi-sig wallet.that his entire Ether holdings came from the Ethereum pre-mining period, which allocated 11.9 million ETH to early contributors. As one of them, he received 700,000 ETH for his role in the network’s creation.
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