| Key Points: – Vitalik Buterin sold approximately $3.67M in ETH during market weakness. – Sales coincided with heightened volatility, amplifying scrutiny of his wallet activity. – Timing affected market sentiment, though correlation doesn’t confirm direct causation. |
Ethereum co-founder Vitalik Buterin offloaded approximately $3.67 million in ETH during a period marked by price weakness and elevated volatility. The transactions drew heightened scrutiny, given his profile and the broader market downturn.
On-chain monitors flagged multiple transfers over a tight window, indicating active distribution into a declining market. Correlation with price action does not establish causation, but the timing has influenced sentiment.
For monthly context, Buterin’s aggregate activity accelerated in February, with reports indicating roughly 8,800 ETH sold this month, alongside a noted pick-up in trading activity, according to CoinGape. These figures frame the latest tranche within a broader pattern rather than an isolated event.
He also withdrew 3,500 ETH from Aave on February 22, resuming distributions after a two‑week pause, as reported by LiveBitcoinNews. The sequence suggests structured liquidity management across DeFi rails rather than a single large market order.
At the time of this writing, ETH trades near $1,881 amid very high measured volatility and bearish sentiment. These conditions can amplify the perceived impact of any high‑profile wallet movements.
Some market data feeds have displayed latency messages during recent sessions, underscoring routine caveats around real‑time pricing. “We are experiencing some temporary issues. The market data on this page is currently delayed,” a Yahoo Finance page notice said.
Verified on-chain timeline and amounts
Last two days: 1,869 ETH (~$3.67M), per Lookonchain
The data show that 1,869 ETH moved across the last two days, aligning with the observed price weakness window. The figures indicate staggered execution intended to reduce slippage risk in thin order books.
Past 1.5 days: 1,694 ETH (~$3.31M), per Onchain Lens
The report notes 1,694 ETH over roughly 36 hours, capturing an overlapping but distinct slice of the same distribution cycle. Taken together, both trackers document consistent activity across adjacent timeframes.
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