Welcome to Extreme Investor Network, where we provide you with unique insights and analysis on the latest trends in the stock market, trading, and all things related to Wall Street. Today, we’re diving into the intriguing world of Ethereum Foundation vs Vitalik Buterin ETH holdings, from 2021 to 2024.
As of December 4, 2020, Ethereum Foundation held a total of 608,000 ETH. However, over the past 4 years, there has been a noticeable shift in ETH holdings, with the foundation strategically selling off a significant portion of their holdings. Currently, they hold just 272,000 ETH as of October 21, 2024, after selling off nearly 336,000 ETH worth approximately $906.3 million.
A similar trend can be observed in the personal wallets associated with Vitalik Buterin. The Ethereum Founder has strategically sold off 102,000 ETH in the last 4 years, reducing his holdings from 343,000 ETH in October 2021 to just 241,000 ETH left as of October 21, 2024. This constant selling of ETH by key developers can impact investor confidence, especially among corporate investors.
Furthermore, the adoption rates of Ethereum ETFs have been 85% slower than Bitcoin ETFs, highlighting a bearish sentiment towards ETH among corporate investors. This disparity in adoption rates further emphasizes a decline in interest in ETH as compared to other cryptocurrencies.
Looking ahead, Ethereum’s market cap has fallen $1 trillion behind BTC in October 2024, a clear indication of a decline in market share. Reports suggest that Ethereum is losing market share to Bitcoin and other altcoins due to centralization risks introduced by the controversial Proof-Of-Stake transition in 2022.
In a recent blog post, Vitalik Buterin echoed these concerns and warned about the growing dominance of large stakers on the Ethereum blockchain. The concentration of power in the hands of a few poses a risk to the decentralization of the network, with large stakers acquiring a disproportionate number of validator nodes.
This scenario raises concerns among network participants, with two block builders validating a significant majority of all blocks in October 2024. As the market continues to evolve, it will be interesting to see how Ethereum addresses these challenges and strives for greater decentralization.
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