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Vitalik Buterin Sells 15,479 ETH for $30.94 Million in Latest Transaction

Vitalik Buterin Sells 15,479 ETH for $30.94 Million in Latest Transaction

Vitalik Buterin has nearly completed his planned sale of 16,384 ETH, liquidating over $30 million to fund privacy projects amid Ethereum’s challenging market conditions.

ETH

Summary

Vitalik Buterin has sold 15,479 ETH for $30.94 million at an average price of $1,999, with only 905 ETH remaining to be sold within hours. This follows his earlier sale of 17,000 ETH and is part of his strategy to fund privacy projects. Despite Ethereum’s market challenges, Buterin's efforts continue to focus on long-term growth in blockchain technology.

Terms & Concepts
  • ETH: The native cryptocurrency of the Ethereum network, often used for transactions and powering decentralized applications.
  • ETH sell-off: The process of selling large amounts of Ethereum to liquidate holdings or deploy capital into other projects or assets.