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Vitalik Buterin Sells KNC, STRAYDOG, and MUZZ Tokens for USDC and ETH

Vitalik Buterin Sells KNC, STRAYDOG, and MUZZ Tokens for USDC and ETH

Onchain data shows Ethereum co-founder Vitalik Buterin sold multiple tokens, including KNC, STRAYDOG, and MUZZ, converting to USDC and ETH over a two-day span.

ETH
USDC

Summary

Ethereum co-founder Vitalik Buterin sold 114,500 Kyber Network Crystal (KNC) tokens worth $22,300, 30.57 million STRAYDOG tokens valued at $10,300, and 1.05 billion MUZZ tokens worth $5,600 over two days. The sales netted him 32,560 USD Coin (USDC) and 1.89 Ether (ETH), with the ETH valued at roughly $5,600, according to onchain data.

Terms & Concepts
  • USDC: A stablecoin pegged to the U.S. dollar, often used for low-volatility cryptocurrency transactions.
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions and smart contract execution.
  • KNC: Kyber Network Crystal, a token used in the Kyber Network for liquidity and decentralized exchanges.