Vitalik Buterin sells 3,765 ETH over three days…a total of $21.74 million cashed out since February
Summary
- It was reported that Vitalik Buterin’s cumulative sales since February have surpassed $21 million.
- He sold 3,765 ETH over the past three days to secure about $7.08 million, with an average selling price of around $2,027.
- The market sees the gradual cash-out, rather than a large one-off sale, as more likely aimed at financial rebalancing or liquidity needs, but notes that continued selling from a founder’s wallet could be a headwind for short-term investor sentiment.
Ethereum co-founder Vitalik Buterin has stepped up additional selling recently, pushing cumulative sales since February past $21 million.
According to Onchain Lens, an on-chain analytics account, on the 23rd (local time), Buterin sold 3,765 ETH over the past three days, securing about $7.08 million.
To date, Vitalik’s cumulative sales total 10,723 ETH, with aggregate proceeds of $21.74 million. The average selling price was calculated at around $2,027.
The market is focusing on the fact that the selling appears to be executed in tranches rather than as a single liquidation. The interpretation is that a gradual cash-out—rather than a large one-off dump—is more likely aimed at financial rebalancing or securing liquidity than panic selling. Still, some note that continued selling from a founder’s wallet could weigh on near-term investor sentiment.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
![[Market] Bitcoin falls below $64,000…major altcoins also slide across the board](https://media.bloomingbit.io/PROD/news/b64f6858-b5dc-41cc-ab8b-9abb2ecde1c4.webp?w=250)