Vitalik Buterin Sells 704 ETH for $1.65M in Continuous Transactions

GateNewsBot
ETH3,97%

Gate News bot message, Vitalik Buterin (@VitalikButerin) has sold an additional 211 ETH for $491,721 GHO. His total sales have reached 704 ETH for $1.65M. The selling transactions are occurring every 2 hours from address 0xfeb016d0d14ac0fa6d69199608b0776d007203b2.

According to Onchain Lens, Vitalik previously sold 493 ETH for $500K USDC and $659,510 GHO. Vitalik converted 5,000 ETH to WETH from the same address.

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Vitalik Buterin reduces holdings by 17,000 ETH, with a 37% monthly decline. Ethereum's selling pressure and staking yields both decline, exerting dual pressure.

On February 25, news reports indicate that as Ethereum's price has declined approximately 37% this month, market attention has shifted to Vitalik Buterin's on-chain fund movements. On-chain data platform Arkham Intelligence shows that Buterin-related wallets held about 241,000 ETH in early February, but this has recently decreased to approximately 224,000 ETH, with continuous outflows during this period, totaling a reduction of nearly $43 million in a single month, adding additional disturbance to ETH market sentiment. On-chain records indicate that this batch of Ethereum was not sold off in a single large transaction but was gradually exchanged through decentralized aggregated trading methods, a typical slippage reduction strategy. This pace suggests that selling pressure is being released gradually rather than causing short-term liquidity shocks. Meanwhile, Ethereum's price has fallen back to around $1,900, with the weak trend resonating with ongoing fund outflows, intensifying investors' cautious outlook on the short-term trend.

GateNewsBot1h ago
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