Vitalik Buterin Steps Up Ether Sales Amid Market Weakness

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.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.