Vitalik Buterin Increases ETH Selling as Price Falls Below $2K
Ethereum co-founder Vitalik Buterin bought hundreds of ETH over the previous few days as the token fell beneath $2,000, based on on-chain information shared by Lookonchain.
The gross sales got here throughout a broader wave of large-holder deleveraging that pushed ETH to multi-month lows and added to already heavy promoting strain throughout the market.
ETH Sales Coincide With Heavy On-Chain Distribution
On February 5, Lookonchain reported that wallets linked to the blockchain developer had sold 2,961 ETH price about $6.6 million over three days at a median worth close to $2,228. Less than 24 hours later, the analytics account said complete gross sales over the identical three-day window had risen to six,183 ETH, or roughly $13.2 million, with the typical exit worth nearer to $2,140 as ETH continued to slip.
Some of the proceeds have been shortly redirected, with Buterin transferring about $500,000 he earned from the sale of 212 ETH on February 2 to Kanro, a philanthropic initiative tied to open-source biomedical analysis.
Kanro Fund confirmed the switch the identical day and stated the funds can be used to assist anti–airborne-disease and pandemic-related initiatives. The group additionally identified that the Ethereum stalwart has been funding related efforts for almost three years, together with a $20 million private contribution made in October 2025.
Buterin has publicly addressed his broader plans, saying in a current submit on X that he withdrew 16,384 ETH to assist work spanning biotech, safe {hardware}, privacy-focused software program, and different areas outdoors Ethereum’s core protocol. He framed the transfer as a part of a interval of tighter spending on the Ethereum Foundation.
Institutions and Whales Repositioning
The worth of ETH has confronted some extreme motion in the previous couple of days, falling nicely beneath the $2,100 degree that many merchants considered as a key assist space and underperforming Bitcoin as threat urge for food light throughout altcoins.
At the time of writing, the world’s second-largest cryptocurrency was buying and selling round $1,900 after dropping about 7% within the final 24 hours and greater than 30% over the previous week. On-chain information suggests the strain isn’t restricted to retail merchants, with a February 5 CryptoQuant report showing U.S. buyers have been promoting ETH at a reduction, pushing the Coinbase Premium Index to its lowest degree since July 2022. That sample factors to institutional de-risking throughout the present correction.
According to Lookonchain, different giant holders have additionally been energetic. The agency reported on February 6 that Trend Research bought greater than 170,000 ETH in below 10 hours to repay loans, whereas Aave founder Stani Kulechov bought about 4,500 ETH close to $1,900.
At the identical time, some entities moved the opposite means, with serial crypto buyers, 7 Siblings, buying 9,000 ETH for slightly below $2,000 every as costs dipped.
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