Ethereum founder Vitalik Buterin has addressed concerns regarding recent transfers of digital assets from his crypto wallet. Buterin explained that the large-scale ETH transactions were not sold by him but were mostly donations to charity organizations and other projects. He emphasized that he had not sold ETH for personal profits since 2018. Buterin is known for his philanthropic acts, including donating $1 billion worth of SHIB tokens to a COVID-19 relief fund in India and $150,000 to Anka Relief for a crypto aid project in Türkiye. Despite evidence of his charitable nature, the crypto community remains skeptical and closely monitors his cryptocurrency activities.

Recently, Buterin made a $15 million USDC transfer to the Gemini Exchange, which raised curiosity and concern among observers. However, an Ethereum Foundation spokesperson clarified that the transfer was executed under Buterin’s Ethereum Name Service (ENS) and not from his wallet address. The funds were from a transfer made by the charity multi-sig wallet Kanro, closely linked to Buterin, to sponsor a grant.