Vitalik Buterin's decryption of transactions

For some time, there have been several news about the transfer of a large amount of digital currency, including Ethereum, to exchanges by Vitalik Buterin, and it has caused a lot of noise. Recently, Buterin has transferred 15 million dollars of stablecoin USDC to Geminai exchange. But in response to widespread criticism from the crypto community, Buterin noted in a new post that he has not sold any ether since 2018.

While the cryptocurrency community is confused about the motivation behind these transactions, Buterin in a new post cited the main reason for these transfers as helping charities and claimed that he did not sell any Ethereum for personal gain, according to Coin Gap. .

It is stated in this post :
If you see a news saying that Vitalik sent XXX units of Ether to an exchange, in fact I am not selling, and almost always these transactions are related to my financial donation to charities or non-profit organizations and the sale of currencies by the recipient; Because they have to cover their own expenses. I have not sold any Ether for personal gain since 2018.
Usually, new digital currency projects that are launched on the platform of the Ethereum network send some of their tokens to Butrin's wallet in the early stages. The founder of Ethereum has repeatedly asked these projects not to send him tokens, and for this reason, he regularly donates all received tokens. For example, he donated millions of dollars to charities during the outbreak of the Corona virus.

But during the last one month, the activity of Buterin's wallet and the transfer of its currencies to exchanges has increased a lot. More interestingly, this time, these transfers happened at a time when the market was facing heavy selling pressure, resulting in a lot of uncertainty for the crypto community. In early October, Buterin transferred 1.64 million dollars of Ethereum to the Bitstamp exchange in a transaction.