Vitalik Buterin launches another round of Ethereum sales.

crypthub

about 8 hours ago

Recent ETH Sales

Vitalik Buterin sold 1,869 ETH within the last 48 hours, worth about $3.67 million. The off‑load occurred as Ethereum’s price slipped from $1,988 to $1,875, a 5.7 % decline. At the time of reporting, ETH was trading near $1,916. The transactions were identified through on‑chain data from Lookonchain and reported by Finbold.

Scale and Timing

Earlier this month he moved 6,958 ETH, valued at roughly $14.8 million. That sale coincided with a sharper drop, taking ETH from $2,360 down to $1,825, a 22.7 % fall. Combined February sales exceed 8,800 ETH, totaling between $16 million and $18 million. The average execution price hovers around $2,080 per ETH.

Purpose and Market Impact

The disposals follow his Jan 30 announcement to gradually liquidate 16,384 ETH held by his Kanro entity. Proceeds are earmarked for ecosystem development, open‑source projects, research grants and privacy‑tech initiatives under a “mild austerity” stance. Activities included withdrawing 3,500 ETH from the Aave protocol and converting portions into stablecoins such as GHO and USDC. Traders note the timing as ETH struggles to reclaim the $2,000 psychological level, amplifying market sensitivity to high‑profile sales.