Ethereum co-founder Vitalik Buterin has dramatically increased his activity on X, posting more on it in the past month than he did in the previous 18 months after being criticized for abandoning the platform.
As trader and economist Alex Kruger pointed out in a September 12 post on X, Buterin posted or responded at least 158 times throughout August on topics related to ether (ETH), the Ethereum blockchain, and other topics.
By comparison, he posted 44 times from January to July, and only 13 times in all of 2023.
Buterin wrote in an August 20 X post that he was told to “do less philosophy and more Ethereum bullshit.”
source: Vitalik Buterin
Buterin has been criticized and accused of abandoning X for the smaller Farcaster platform, with many follower accounts, including “Autism Capital,” urging Buterin to return to X and push for Ethereum.
In a response to Elon Musk, Autism Capital speculated that Buterin left X for Pacaster because it allowed him to interact with a smaller group of like-minded peers with less distraction.
source: Autism capital
Buterin’s increased activity on X continued into September, with over 30 posts or replies on September 13 suggesting that the community should increase pressure on L2 without a proper decentralized protocol.
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In July, Solana surpassed Ethereum for the first time in total weekly fees, generating around $25 million in revenue, compared to Ethereum’s $21 million.
At the same time, Buterin transferred about $10 million worth of his Ethereum holdings to a wallet linked to a cryptocurrency exchange in August, and according to Arkham Intelligence data, about 422,000 ETH (worth $993 million) has been lost from Buterin’s address since 2015.
These transfers have led to speculation that Buterin sold his Ethereum holdings for profit, but Buterin has denied this. He has stated that he has never sold his Ethereum holdings for profit, but only to support various projects that he believes are valuable.
The Ethereum price is currently trading at $2,350 and has not closed above $2,500 since September 2.
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