Why Vitalik Buterin sold 700 Ethereum (ETH) despite market recovery

Ethereum co-founder Vitalik Buterin recently offloaded some of his funds. $ETH and has sold just over 700 coins in a series of on-chain transactions.

Sales were tracked by a blockchain analytics platform. These appear to be consistent with previously disclosed plans to fund long-term initiatives rather than market-driven liquidations.

Vitalik Buterin sells over 700 $ETH Planned fundraising moves

Lookonchain reported that Buterin sold $211.84. $ETH Approximately 500,000 yen $USDC. He sent the entire amount to Kanro, a charity founded by Ethereum’s co-founder. Kanro supports research and initiatives specifically focused on infectious disease control in the wake of the COVID-19 pandemic.

Buterin has a history of using crypto sales to benefit charities. In January 2025, he sold 28 meme coins worth approximately 984,000. $USDC. The executive directed the proceeds to Kanro, reinforcing its longstanding commitment to philanthropy.

following the initials $ETH After the sale, Buterin continued to be sold. Lookonchain highlighted that he offloaded an additional 493 $ETH. These actions combined for a total of 704.84. $ETHworth approximately $1.63 million at current market value.

These sales are no surprise at all. In a post published on X (formerly Twitter) last week, Buterin said he withdrew $16,384. $ETH It will be rolled out towards long-term goals over the next few years.

“Over the last five years, the Ethereum Foundation has entered a period of gradual austerity. To this end, my role in austerity is to personally take on responsibilities that in another era might have been a ‘special project’ for EF,” he said.

He explained that the funding will support the development of open source, secure and verifiable software and hardware across sectors such as finance, communications, governance, operating systems, secure hardware, and biotechnology, including both personal and public health. Buterin also said that he is exploring secure decentralized staking options to generate additional capital in the long term.

“The Ethereum Foundation remains focused on the development of Ethereum with that goal in mind. Ethereum everywhere is good, but our top priority is Ethereum for those who need it. A baseline infrastructure that enables self-sovereignty rather than corpus law, and cooperation without domination,” Buterin added.

According to the latest data from Arkham, Buterin still holds 235,268 $ETH Together with a small allocation of WETH and aETHwETH, it is worth approximately $549.2 million. His overall portfolio was valued at more than $569 million, down from more than $800 million as asset prices fell amid market-wide headwinds.

Buterin, on the other hand, $ETH The sale appears to have had little or no direct impact on the market performance of the asset. Ethereum, the second-largest cryptocurrency by market capitalization, continued to move in line with the broader market, which is showing signs of recovery.

According to data from BeInCrypto Markets, $ETH It has increased by about 5% in the last 24 hours. At the time of writing, it was trading at $2,312.6.

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