Yup, it looks like Vitalik & Co are cashing out some of their 80% premined shitcoin.

This thread amuses me, the people that ignore or poorly attempt to refute this kind of information are like the little children that poke their fingers into their ears and scream 'La la la la la la I can't hear you', when you're saying something they simply don't "Like", in-spite of it's factual efficacy.

The average person has a 6th grade educational level, the average person in crypto probably a 2nd.

ETH is HEAVILY premined.

The Dev's blatantly put 12 million coins into a Genesis Block address for their 'personal use'.

An additional 60 million tokens were allegedly sold to 'anonymous' investors in the ICO. The oddities of that ICO sale however are the subject of debate. There was no linear mean average sales happening per day, thus the majority of high-volume sales happened non linearly within the span of a few hours in random spikes, with the rest of the time no-one purchasing large amounts. Of course logically this points to a fraction of whale 'purchasers', which was either the Dev's themselves hoarding more coins, or institutional 'group-buys' to later pump&dump their premined shitcoin,. (Enterprise Alliance, anyone, derrrr?)

https://etherscan.io/stat/supply - it's right in the blockchain newbs, ETH is 72,000,000 premined.

Here's another address of Vitalik pocketing another 12million premine coins for himself:
https://www.etherchain.org/tx/0x9c81f44c29ff0226f835cd0a8a2f2a7eca6db52a711f8211b566fd15d3e0e8d4

Yea, 'but muh devs need billions for da-world supa-puta, it not a ponzi'. If I had billions of dollars I would have built a spacestation on Mars. Vitalik gave you a ponzi scheme that's sole function is to launch more ERC20 ponzi's. What do you think happens when 8/10 of the coins are in only a few people's hands in such an illiquid market? Are you people really that stupid?

Enjoy poverty mETHheads.

Gnosis7777

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