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Vitalik Buterin Sells $7 Million in Ethereum as ETH Price Sinks 30%
Ethereum co-founder Vitalik Buterin is unloading millions of dollars' worth of ETH into a rapidly declining market.
On February 22, Lookonchain revealed that Buterin withdrew 3,500 ETH— valued at approximately $6.95 million — from the DeFi protocol Aave. Within hours of the withdrawal, he had already sold 571 of those tokens for $1.13 million.
The sudden movement of assets highlights a stark contrast between Buterin’s stated long-term financial strategy and his immediate market actions.
On January 30, the 32-year-old developer announced that the Ethereum Foundation was entering a period of "mild austerity" to achieve its goals.
He withdrew 16,384 ETH to support the firm, planning to strategically deploy the tokens for long-term goals "over the next few years."
Ethereum news: Vitalik Buterin sold 17,000 ETH this month as ether fell 37%
Vitalik Buterin earmarked 17,000 ether, worth about $43 million, for privacy projects in January. A month later, his wallet balance is down by roughly that amount, and the token he's selling has lost more than a third of its value.
Arkham Intelligence data shows Buterin's attributed wallets held about 241,000 ETH at the start of February. That figure now sits at 224,000 ETH after a steady series of outflows through the month, including $6.6 million over three days earlier in February and roughly another $7 million in the past three days alone.
The sales were executed through decentralized exchange aggregator CoW Protocol, broken into numerous smaller swaps rather than single large transactions.
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