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Learning & News => News related to Crypto => Topic started by: newshunter on December 29, 2019, 07:00:21 PM

Title: Ethereum Co-Founder Reportedly Sells 90k ETH To U.S. Cryptocurrency Exchange
Post by: newshunter on December 29, 2019, 07:00:21 PM
Ethereum Co-Founder Reportedly Sells 90k ETH To U.S. Cryptocurrency Exchange

Sources show that Ethereum co-founder sells 90k ETH to Kraken


Source: Ethereum Co-Founder Reportedly Sells 90k ETH To U.S. Cryptocurrency Exchange (https://cointelegraph.com/news/ethereum-co-founder-reportedly-sells-90k-eth-to-us-cryptocurrency-exchange)

Would appreciate your opinion about this
Title: Re: Ethereum Co-Founder Reportedly Sells 90k ETH To U.S. Cryptocurrency Exchange
Post by: Goodcat49 on December 29, 2019, 10:04:53 PM
Quote from: newshunter on December 29, 2019, 07:00:21 PM
Ethereum Co-Founder Reportedly Sells 90k ETH To U.S. Cryptocurrency Exchange

(https://images.cointelegraph.com/images/528_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy80YWUxZDNiNDEzYjJkMDY1MjJhMTdkMzZmNDI2N2NkNS5qcGc=.jpg)<p>Sources show that Ethereum co-founder sells 90k ETH to Kraken</p>

Source: Ethereum Co-Founder Reportedly Sells 90k ETH To U.S. Cryptocurrency Exchange (https://cointelegraph.com/news/ethereum-co-founder-reportedly-sells-90k-eth-to-us-cryptocurrency-exchange)

Would appreciate your opinion about this
Not the good news for Ethereum and it seems he's not really loyal to Ethereum. Anyway, even Vitalki sold a lot of Ether when it worthed more than $1000
Title: Re: Ethereum Co-Founder Reportedly Sells 90k ETH To U.S. Cryptocurrency Exchange
Post by: Zed0X on December 30, 2019, 07:15:28 AM
Quote from: Goodcat49 on December 29, 2019, 10:04:53 PM
Not the good news for Ethereum and it seems he's not really loyal to Ethereum. Anyway, even Vitalki sold a lot of Ether when it worthed more than $1000
How is selling some of your holdings considered as not being loyal to the project you are working for? Charlie Lee did the same thing with his Litecoins a couple of years ago but he never left the project.

Let's try to look at it more objectively here. Disposing those eth means less coins for the developers/founders and more to the community. Although it's not confirmed where he really used the fund from selling, I would assume that most, if not all, of it will be going to development.
Title: Re: Ethereum Co-Founder Reportedly Sells 90k ETH To U.S. Cryptocurrency Exchange
Post by: Senin on December 30, 2019, 04:16:26 PM
It is not the fact that the co-founder of Ethereum, Jeffrey Wilke, was about to sell his 92,000 ETH, it is his right and I do not see anything unusual in this. However, he sells these coins when they are very low in price. It turns out that he does not believe in the prospects and price growth of ethereum. In addition, he had to assume that the release of a large number of these coins into the market could lower its price. The justification can only be that he urgently needed cash. After all, everyone has their own life circumstances.