FxWirePro- Major Crypto levels and bias summary 
Ethereum co-founder Vitalik Buterin proved once more that there’s still money to be made in cryptocurrency. The Russian-Canadian crypto investor revealed that he made a handsome profit when he sold ETH during 2018’s all-time high.
In a podcast with Thiel Capital Eric Weinstein, Buterin said that he sold, via the Ethereum Foundation, 70,000 when the token’s price was “basically at the top,” Cryptoglobe reported. Buterin also revealed that the sale only pushed though after he was able to convince the rest of the Foundation’s board to approve the sale.
“I did get the Ethereum Foundation to sell 70,000 ETH like basically at the top and that’s doubled our runway now, so it was one good decision that had a lot of impact,” Buterin said.
Ethereum experienced a surge in its price in January 2018, which was also the token’s previous all-time high. At that time, ETH was trading near the $1,400 level.
Prior to that, Buterin, in his personal capacity, sold around 30,000 ETC, Trustnodes reported. This happened at the end of December 2017 when the token’s price was still basically at the top. The transaction was worth $22 million at that time.
Meanwhile, Ethereum Foundation also unloaded some ETH in the past three months with a total worth of around $1.5 million. This triggered some speculations that they might be running out of cash/fiat especially since the Foundation also stopped funding some dev team.
However, Trustnodes suggested that it might not be the case of the Foundation running out of fiat that caused it to stop funding some developers. It’s highly likely that it was a policy decision made by its higher-ups as they want everyone to apply through a grant. In this manner, there will be no discrimination between external development teams and internal ones.
Buterin also gave his thoughts on the bear market that followed after the 2018 sale. ETH plunged and went to as low as $84 per token but he just shrugged off the development as a price correction that was bound to happen. He explained that he doesn’t think that ETH created enough value for it to have a market cap of half a trillion dollars.
