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Ethereum Co-Founder Vitalik Buterin Sells Hundreds of Thousands of Dollars in ETH

Ethereum Co-Founder Vitalik Buterin Sells Hundreds of Thousands of Dollars in ETH

Vitalik Buterin’s February ETH sales, including 428.57 ETH for 850,178 GHO, underscore substantial token movements by a leading Ethereum figure amid continued asset conversions.

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Fact Check
The most authoritative and relevant sources converge on credible reporting that Vitalik Buterin sold Ethereum (ETH) worth several million U.S. dollars. The crypto screener summary cites a well-established crypto news outlet report detailing a specific sale of approximately $6.6 million in ETH, consistent with market data verification and cross-reported in other reputable crypto channels. The podcast and Coinpedia report referencing the sale of roughly 3,000 ETH further reinforce the same narrative with consistent timing and transaction details. Other high-authority outlets such as CoinDesk and Decrypt discuss related market context and Vitalik Buterin's activities but do not contradict the claim. There is no evidence suggesting the reports are fabricated or refuted by credible sources. Given the reputability of the reporting entities and the absence of contradictory accounts, the statement that Vitalik Buterin sold Ethereum worth hundreds of thousands of dollars is strongly supported and thus assessed as likely true with high confidence.
Summary

Ethereum co-founder Vitalik Buterin sold 428.57 ETH for 850,178 GHO on February 22, part of broader sales since February 2 totaling 7,386 ETH worth roughly $15.51 million at an average price of $2,100. The GHO stablecoin, pegged to the U.S. dollar and developed by Aave, was the target asset in the latest exchange. OnchainLens data indicates Buterin’s potential continuation of sales, highlighting notable market activity from a central Ethereum participant.

Terms & Concepts
  • Ethereum (ETH): A blockchain platform enabling smart contracts and decentralized applications, with ETH as its native cryptocurrency.
  • Smart contract: Self-executing blockchain code that automatically enforces the terms of an agreement.
  • GHO: A decentralized stablecoin launched by Aave, pegged to the U.S. dollar, designed to facilitate stable value transfers.