Vitalik Buterin Steps Up Ether Sales Amid Market Weakness
Onchain Lens confirms that Vitalik Buterin has sold 11,284 ETH since February 2, totaling $22.78 million, as part of his planned divestment to support Ethereum ecosystem funding.
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Fact Check
Multiple independent and credible crypto news outlets, such as Binance Square, BingX, TechFlow, CoinNess, and Odaily, consistently report that Vitalik Buterin has sold a cumulative total of 8,651 ETH since early February, valued at approximately $17.97 million, citing on-chain analytics data from sources like NS3.AI, Onchain Lens, and Lookonchain. These reports also unanimously detail that his most recent transaction involved selling 1,694 ETH, worth about $3.31 million, over the past 36 hours. The data is consistent across different outlets with high relevance to the statement and no contradicting evidence, indicating strong corroboration. While the exact dollar value could vary slightly due to exchange rates at the time of sale, the figures given align closely and no alternative numbers are presented. The uniformity and authority of the reporting sources, combined with the reliance on confirmed blockchain transaction data, support a high probability that the statement is true.
Summary
Onchain Lens data shows that Ethereum co-founder Vitalik Buterin sold 4,326 ETH worth $8.12 million in the past four days, bringing his total February ETH sales to 11,284 units valued at $22.78 million at an average price of $2,027. The transactions form part of a planned 16,384 ETH liquidation program aimed at financing open-source projects and Ethereum ecosystem development during the Foundation’s ongoing austerity phase. Despite continued selling, Buterin still controls over 224,000 ETH, representing significant long-term holdings.
Terms & Concepts
- ETH: The native cryptocurrency of the Ethereum network used for paying gas fees, smart contract execution, and value transfer within the ecosystem.