Summary
- It reported that Vitalik Buterin sold 493 ETH over the past eight hours for about $1.16 million.
- It said that amid rising ETH price volatility, Vitalik’s consecutive selling could act as a short-term drag on market sentiment.
- Citing past cases, it reported that Vitalik’s ETH sales have also been suggested as possibly for personal fund management, donations, or foundation-related purposes.
Forecast Trend Report by Period
Vitalik Buterin, co-founder of Ethereum (ETH), is continuing to sell Ethereum.
According to Lookonchain on the 2nd (local time), Buterin sold 493 ETH over the past eight hours, with the sale totaling about $1.16 million.
With volatility in ETH prices increasing recently, some interpret the key figure’s consecutive selling as a factor that could weigh on market sentiment in the short term. However, past cases have also raised the possibility that Vitalik’s ETH sales may be for personal fund management, donations, or foundation-related purposes.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
