Vitalik Buterin, co-founder of Ethereum, accelerated His selling point.
According to on-chain analysis, he offloaded approximately $7.3 million worth of Ether in just 72 hours.
Data from blockchain tracking company Lookonchain reveals that Buterin sold a total of $3,788.57. $ETH In the last 3 days. This aggressive liquidation comes amid a broader market correction, with growing debate about whether the founder’s actions are contributing to the asset’s bearish momentum.
Decline in “gentle austerity”
Earlier this month, Buterin announced that the Ethereum Foundation and its affiliates, including Kanro, would enter a period of “mild austerity.”
This requires liquidating assets to fund ecosystem development, research grants, and open source software efforts.
But the pace of selling caught traders off guard.
Lookonchain noted that Buterin is “on sale.” $ETH Fast again”, already disposed of over 8,800 cases $ETH From the beginning of the month (approximately $16 million to $18 million).
This latest 3,700 days ago $ETH After the sale, Buterin unloaded another batch of 1,869 pieces $ETH ($3.67 million), which coincided with a 5.7% decline in the price of Ethereum from $1,988 to $1,875.
Large transfers from Vitalik-labeled wallets often surprise retail investors, who interpret them as a lack of confidence in short-term price movements.
Despite the heavy selling, Buterin remains one of the largest private holders of the asset.
He still has more than $224,000 in his main wallet, according to on-chain data from Arkham Intelligence. $ETHworth approximately $429 million.
