Vitalik Buterin topped the X movement in August, posting more than the previous 18 months
Ethereum founder Vitalik Buterin has significantly increased activity on X, posting more last month after criticism that he left the platform 18 months ago.
Throughout August, Buterin posted or responded at least 158 times about Ether (ETH), the Ethereum blockchain, and other topics, according to trader and economist Alex Kruger in a September 12 X post.
In comparison, he posted 44 posts from January to July and posted 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 bullposting.”
Source: Vitalik Buterin
Buterin has been accused of abandoning X for the smaller Farcaster platform, while several accounts, including “Autism Capital”, have called for Buterin to return to X and push Ethereum.
In response to Elon Musk, Autism Capital speculated that Buterin X left Farcaster because it allowed him to engage with a small group of like-minded peers with less oversight.
Source: Autism Capital
Buterin's increased X activity continued into September, with more than 30 posts or replies as of September 13, suggesting that the community should increase the pressure on L2s without adequate decentralized protocols.
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In July, Solana surpassed Ethereum for the first time in total weekly payouts, earning nearly $25 million compared to Ethereum's $21 million.
At the same time, Buterin transferred about $10 million of his Ether holdings to wallets linked to crypto exchanges in August, and Arkham Intelligence data shows that Buterin's address has grown to 422,000 ETH (worth $993 million) since 2015.
The transfers led to speculation that Buterin was selling his Ether holdings for a profit, which he denied he had ever sold his Ether holdings for a profit, in order to fund various projects he deemed expensive.
The price of Ether currently sits at $2,350 and has failed to close above $2,500 since September 2nd.
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