Ethereum’s creator continues shifting assets as the ETH sell‑off persists

crypthub

about 7 hours ago

Recent Ether Moves

Vitalik’s wallets swapped over 3,100 ETH for stablecoins on CoW Swap. On‑chain data shows his visible balance fell to about 224,000 ETH. Arkham Intelligence flagged the activity. The moves are public and routine.

Funding Context

A $6 M sale is tiny compared with his multi‑hundred‑million‑dollar stake. Earlier transfers of roughly $29 M funded foundation projects, including $2.3 M for grants. Such treasury use is normal.

Foundation Strategy

Buterin hinted up to $44.7 M could be liquidated gradually as the Ethereum Foundation tightens spending. Converting to stablecoins cuts price risk while preserving buying power. The approach aims to stretch funds for core programs.

Market and Technical Outlook

ETH slipped below $1,900, hitting two‑week lows, which fuels short‑term anxiety. Prediction markets see a chance of $1,500 before a rebound to $3,000. Buterin also called for a mainnet rethink of L2 rollups and supported an upgrade for stronger censorship resistance.