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Buterin Reaches 70% ETH Divestment

Buterin Reaches 70% ETH Divestment

Key Takeaways

  • Funds explicitly earmarked for Ethereum development and upgrades.
  • Community sentiment largely bearish despite stated purpose.

Buterin's Divestment: Progress and Transactions

Buterin's recent sales contribute to his publicly stated goal to sell 16,384 $ETH. Approximately 4,962 $ETH remains to be divested to complete this objective.

Strategic Intent

Buterin's divestments are explicitly for funding continuous development, research, and future upgrades of the Ethereum network.

Community and Market Perception

Some community members expressed concern, with sentiment scores observed as low as -82, interpreting sales as a negative signal. Apprehension (sentiment -45) arose regarding the substantial volume of $ETH sold. Coverage highlighting the 4,325 $ETH sale over three days registered a sentiment score of -78. Conversely, others (sentiment 57) emphasized the stated purpose of funding Ethereum's development and upgrades. Aggregated sentiment remained predominantly bearish.