Vitalik Buterin says all Layer-2 token holdings will be donated to charity, won’t sell for profit

Vitalik Buterin, Ethereum co-founder, has not sold Ether since the altcoin’s ICO in 2018.

Vitalik Buterin plans to donate proceeds from the sale of Layer-2 tokens and other project assets to charity. The Ethereum co-founder shared his plan on X, and said he hasn’t sold Ether for profit since 2018. Ether hovers under $2,400 at the time of writing. On-chain transfers by Buterin make headlines as ETH holders keep eyes peeled for selling pressure on the altcoin. Ether trades at $2,382 at the time of writing.

The Ethereum co-founder informed his followers on X that the same applies to Layer 2 tokens and he intends to send these assets or proceeds from their sales to charities. Buterin is known to send funds to protocols that he finds useful within the Ethereum ecosystem BTW the above also applies to L2 tokens or other project tokens I hold : all proceeds will be donated, again either to support public goods within the ethereum ecosystem or broader charity .

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