"Vitalik Buterin shows signs of selling an additional 211 Ethereum…worth about $490,000"
Minseung Kang
Summary
- Vitalik Buterin has reportedly continued selling Ethereum (ETH) in recent days.
- Buterin was seen selling an additional 211 ETH, securing stablecoins worth about $491,721.
- Including this transaction, cumulative sales total 704 ETH, worth about $1.65 million, and were said to be repeating at roughly two-hour intervals.
Vitalik Buterin, a co-founder of Ethereum (ETH), is reported to have continued selling ETH recently.
According to Onchain Lens, an on-chain analytics account, on the 3rd Buterin was seen selling an additional 211 ETH to secure stablecoins worth $491,721. Including this transaction, the total amount of ETH Buterin has sold stands at 704, with cumulative proceeds reaching $1.65 million.
Onchain Lens explained that "recent ETH sales have been repeating at roughly two-hour intervals."
The latest sale was carried out via an address starting with 0xfeb. From that address, a pattern was observed in which a set amount of ETH moves periodically and is then converted into the stablecoin GHO.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.!["Will AI take our jobs?" Fear spreads…market rattled by a plunge in shares [New York Market Briefing]](https://media.bloomingbit.io/PROD/news/874408f1-9479-48bb-a255-59db87b321bd.webp?w=250)
