Vitalik Buterin posted on X (original Twitter): "If you see an article saying 'Vitalik sent XXX ETH to (exchange)', it's not actually me who is selling it. It's almost always me donating to some charity, non-profit organization or other project, and the recipient is selling it because they need to pay fees. I haven't 'sold' ETH for personal gain since 2018."

Earlier news, regarding the transfer data of 14.93 million USDC from vitalik.eth to the exchange Gemini on October 16, a spokesperson for the Ethereum Foundation said that the transfer was signed by Vitalik Buterin's domain address from a charity multi-signature wallet, and the funds have never actually left Vitalik Buterin's wallet. Vitalik Buterin received the initial 14.93 million USDC from Kanro on October 14, and then signed to transfer the same amount of funds to a new multi-signature wallet. Kanro is a biotechnology charity funded by Vitalik Buterin that aims to solve problems related to COVID-19 and other epidemics.