Vitalik Buterin Sells More ETH as Prices Continue to Languish Below $2,000
On-chain data reveals Vitalik Buterin withdrew 3,500 ETH ($6.95M) from Aave, continuing his ETH sell-off after a two-week pause. This follows earlier sales totaling 571 ETH ($1.13M) and aligns with prior reports of multiple ETH disposals in February. Analysts suggest the withdrawals aim for further liquidation, with Buterin still holding over 240,000 ETH ($467M) as of earlier this week. In early February, Buterin sold 2,961 ETH ($6.6M) over three days, later increasing to 6,183 ETH ($13.2M) with an average exit price of $2,140. These transactions highlight a pattern of ETH divestment, despite his remaining large holdings. The sales coincide with ETH’s prolonged price decline, which has dropped from a late-2025 peak of $5,000 to below $2,000. ETH’s value has struggled below $2,000 since late January, with a sharp dip to $1,800. Analyst Ali Martinez noted an inverted bullish flag pattern, suggesting potential further corrections to under $1,400. The market remains bearish, with Buterin’s sales adding pressure amid ongoing price volatility and uncertainty about Ethereum’s future trajectory.
