Ethereum

Token

Ponzi

Million

Today, Vitalik Buterin seized and <a href="https://etherscan.io/tx/0xabe3c0173eeaeaea7afb63d1b8c687106d01bc06b8fc5d26335c2e179f5923f3" target="_blank" rel="noreferrer noopener">collected</a> 845,205 $STRK tokens from StarkNet’s Locked Token Grant contract on the Ethereum Layer 2 network. These tokens are valued at around $1.07 million, as per Lookonchain. These STRK and ETH tokens were part of Vitalik’s initial investment and backing for StarkNet, marking a significant return on his contribution.&nbsp; 
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 vitalik.eth(<a href="https://twitter.com/VitalikButerin?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@VitalikButerin</a>) unlocked and claimed 845,205 <a href="https://twitter.com/search?q=%24STRK&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">$STRK</a>($1.07M) 2 hours ago.<a href="https://t.co/jKAXTJMDLq" target="_blank">https://t.co/jKAXTJMDLq</a> <a href="https://t.co/9nV0Azn5bh" target="_blank">pic.twitter.com/9nV0Azn5bh</a>— Lookonchain (@lookonchain) <a href="https://twitter.com/lookonchain/status/1793889183746150433?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">May 24, 2024</a>
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Notably, this wallet aligns with the one he held before he acquired Ponzi tokens. This release of tokens signifies a prosperous outcome from Vitalik’s early support for StarkNET. His decision to endorse the project early is paying off, especially as the value of STRK tokens continues to rise. 
The $1.07 million unlock could just be the beginning of a series of financial gains from his StarkNET investment. 
Vitalik’s action underscores the crucial role of Layer 2 networks in enhancing Ethereum’s scalability and overall functionality. As Ethereum expands rapidly, solutions like StarkNET become increasingly vital for managing network capacity and enhancing the user experience. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/05/24/vitalik-analyzes-layer-2s-vs-ethereum-sharding-approaches/" target="_blank" rel="noreferrer noopener">Vitalik Analyzes Layer 2s vs. Ethereum Sharding Approaches</a> 
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Vitalik Buterin Unleashes $1.07 Million in STRK Tokens

The Crypto Times

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