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Vitalik Buterin Sells 3,000 ETH Amid Market Dip

Published by
Sohrab Khawas

Over the past three days, Vitalik Buterin sold roughly 2,961.5 ETH, worth about $6.6 million, at an average price of $2,228 per coin, with selling still ongoing. On-chain data from his Gnosis Safe wallet shows repeated WETH outflows via CoW Protocol into tokens like USDC and GHO. The sales are a small portion of his 300,000+ ETH holdings, sparking mixed reactions: critics call it retail exit liquidity, while supporters note his history of funding Ethereum projects, biotech ventures like Kanro, and open-source initiatives. Ethereum traded near $2,150, down 5% in 24 hours, amid daily volumes exceeding $10 billion and continued institutional buying.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

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