Some people think that Buterin is taking profits in batches and locking in profits when Ethereum hits a new all-time high. But Buterin also has the right to enjoy the fruits of his own efforts. After all, he is one of the founders of Ethereum and is very concerned about the development of Ethereum. and contribution have an irreplaceable role.
Some people also believe that V God is forced by life and needs to use ETH to pay some fees or donate to some charities. For example, Buterin sold some animal coins, such as SHIB, AKITA and ELON, on May 12 and replaced them with ETH. Among them, he donated 50 trillion SHIB (currently worth US$1.2 billion) to the Indian COVID-19 Crypto Relief Foundation [1]. Moreover, Buterin once said that he is not rich because he did not convert his ETH into legal currency [2].
No matter what Buterin's true motivation is, his selling behavior is a big impact on the market. Especially after Bitcoin was negatively affected by Tesla CEO Musk, the entire currency circle fell sharply. Ethereum also fell from $1,900 to around $1,569, a drop of more than 15%. #BTC #ETH #TRB #sol
So, will Buterin’s sell-off lead to the collapse of Ethereum? I think this is very unlikely. Because although Buterin holds a large amount of ETH, he is not the only important player in the Ethereum ecosystem. Ethereum has many other developers, contributors, supporters, and users who work together to maintain and promote the development and innovation of Ethereum. Moreover, Ethereum itself also has strong technical advantages and market potential. For example, smart contracts, DeFi, NFT and other fields are Ethereum's strengths. More importantly, Ethereum is undergoing a 2.0 upgrade, which will realize the transformation from PoW to PoS, thereby improving performance, reducing costs, increasing security and scalability. $BTC $ETH $BNB
Therefore, I think Ethereum is still a project worth investing and holding. Although there may be fluctuations and corrections in the short term due to the sell-off of Buterin, in the long term, the future of Ethereum is still bright, and it may even surpass Bitcoin becomes the largest cryptocurrency by market capitalization. Therefore, we should not be panicked by Buterin’s selling, nor should we blindly follow the trend and sell our ETH. Instead, we should remain rational and confident, grasp our own trading strategies and risk management, and believe in the value and future of Ethereum.
