Vitalik Buterin, co-founder of Ethereum, has recently attracted attention again. Yesterday (6), he transferred STRK Tokens worth approximately $799,000 and up to 2.09 million to Binance, which is suspected to prepare for selling coins for profit.
According to Onchain Lens tracking, Vitalik Buterin received these tokens in the past 5 months, worth about $1.51 million at the time. However, due to the continuous decline in the price of STRK during this period, this asset evaporated $714,000.
Image source: Blockcast
Vitalik Buterin’s transfer yesterday was divided into 2 transactions. The first transfer was 97,152 STRK Tokens, and the second transfer was 2 million STRK Tokens. Both transfers were sent to the world’s largest cryptocurrency exchange, Binance.
Vitalik Buterin participated in the seed round financing of StarkNet in May 2018, but the amount of his investment was not disclosed. It is reported that StarkNet raised a total of $6 million at that time.
Currently, Vitalik Buterin still holds 15,862 STRK, worth $6,000.
StarkNet is Ethereum’s Layer 2 scaling solution, aimed at addressing the speed and scalability issues of Layer 1. However, the performance of STRK Token has been disappointing, with a big dump of over 90% since its launch in February this year.
In September this year, Vitalik Buterin unlocked 2.1 million STRK tokens from StarkNet and transferred them to a new wallet. At that time, some netizens speculated that Vitalik Buterin would sell these tokens, which could have an impact on the price of STRK.
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