|

Vitalik Buterin Dumps Even More ETH as Prices Struggle Below $2K

On-chain knowledge from Arkham Intelligence and Lookonchain confirmed that Vitalik Buterin has resumed his promoting spree of ETH with one other multi-million greenback switch.

The analysts defined that he had withdrawn one other batch of three,500 ETH (price roughly $7 million on the time) from Aave with the doubtless intention to promote. At the time of the unique publish a couple of hours in the past, he had already disposed of 571 ETH ($1.13 million).

CryptoPotato has reported a couple of comparable cases in February alone, during which on-chain knowledge indicated that he had begun disposing of a few of his ETH fortune. A February 5 report showed that the undertaking’s co-founder had offered off 2,961 ETH ($6.6 million on the time) in simply three days.

A day later, Lookonchain informed that the overall gross sales had grown to six,183 ETH, which was valued at $13.2 million. The common exit worth was $2,140.

Arkham Intelligence retains a detailed eye on Buterin’s addresses, and a report from earlier this week noted that he nonetheless held greater than 240,000 ETH, valued at round $467 million. However, that knowledge was earlier than at present’s sell-offs.

Meanwhile, ETH’s worth has been on a constant downtrend for months. After it peaked at near $5,000 in late August final yr, it was violently rejected and ended 2025 at round $3,000. The late January/early February crash was brutal, pushing the asset to below $1,800.

Although it has recovered some floor since then, Ether nonetheless struggles under $2,000. Popular analyst Ali Martinez outlined the formation of a bullish flag yesterday for ETH, however with a serious catch: the chart was inverted, exhibiting in actuality that ETH could possibly be primed for one more correction to below $1,400.

The publish Vitalik Buterin Dumps Even More ETH as Prices Struggle Below $2K appeared first on CryptoPotato.

Similar Posts