Ethereum Co-founder Buterin Exits MakerDAO Position Amid CEO’s Vision For Solana Integration

Vitalik Buterin, the co-founder of Ethereum, recently sold off his entire holdings of MakerDAO tokens (MKR/USD), a move which follows news of MakerDAO’s potential shift away from Ethereum to the Solana blockchain (SOL/USD). According to data gathered by The Block, 500 of these tokens earned Buterin a hefty 363 ETH, amounting to nearly a staggering $580,000.

This possible move away from Ethereum is driven by the ongoing proposal to transition to a program framework based on the Solana blockchain’s Rust-centric architecture. This shift was vocalized by Rune Christensen, the CEO of MakerDAO, who laid out the foundation for how the switch could potentially happen. Competing points of view lay with the certainty of the Cosmos blockchain and a possibility of a multichain landscape being aided by a new projected termed ‘NewChain’, bridging the gap between Ethereum and Solana.

Amidst Clash between Tether ($82.9 Billion) and MakerDAO Dai as Stablecoins, Buterin had been steadily building his portfolio with MakerDAO tokens during the course of April 2018; an investment which eventually yielded extraordinary results peculiar only to cryptocurrency and classifies Buterin as anmedollary to recent actions in the crypto space.

This content was produced with elements from AI tools, has been subjected to reivew by Benzinga’s Editors and was published by Benzinga.

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