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Vitalik Buterin Sells $6.6M in Ethereum Over Three Days

Vitalik Buterin Sells $6.6M in Ethereum Over Three Days

Vitalik Buterin’s ETH sales, totaling nearly $6.6 million in three days, mark an uptick in recent activity with further transactions still in progress, according to blockchain tracking data.

ETH

Summary

Ethereum co-founder Vitalik Buterin has sold 2,961.5 ETH over the past three days for roughly $6.6 million at an average price of $2,228, according to Lookonchain. This represents an increase from the earlier reported total of 2,779 ETH sold. The sales, which remain ongoing, follow previous transactions where Buterin sold 1,441 ETH after transferring 16,384 ETH to a multisignature wallet. The final use of these proceeds has not been disclosed.

Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum blockchain, used for transactions, fees, and as a store of value.
  • Multisignature Wallet: A crypto wallet requiring multiple private key approvals to authorize a transaction, enhancing security and shared control.
  • Ethereum: A decentralized blockchain platform enabling smart contracts and decentralized applications (dApps).