Ethereum developer sold cryptocurrency for more than $ 7 million in just three days

Ethereum co-founder ETH $1,857.51 Bridged Ether (StarkGate) -1.43% Market capitalization $42.64 million VOL. 24 hours $0.89 billion Бутерін" href="https:>Vitalik Buterin has dramatically accelerated the sale of his assets: in the last 72 hours, he has sold 3,788.57 ETH worth about $ 7.3 million. Data from the Lookonchain analytical platform suggests that this is part of a broader wave of liquidations that is taking place amid a market correction.

In early February, Buterin announced a period of «moderate austerity» for the Ethereum Foundation and related entities, which involves the sale of assets to fund research, grants, and ecosystem development. At the same time, the pace of token sales was much higher than traders expected: since the beginning of the month, he has already sold more than 8,800 ETH worth $ 16−18 million.

The latest tranche of 3,700 ETH followed the previous sale of 1,869 ETH ($ 3.67 million), which coincided with a 5.7% drop in the price of Ethereum from $ 1,988 to $ 1,875. Large transfers from wallets linked to Buterin have traditionally alarmed retail investors, who perceive them as a signal of weak confidence in the short term.

Despite his active sales, Buterin remains one of the largest individual ETH holders. According to Arkham Intelligence, his main wallet holds more than 224,000 ETH, which is equivalent to about $ 429 million.

Analysts note that further steps by the Ethereum co-founder may affect market sentiment. If sales continue at this pace, it could increase bearish pressure, while stabilizing volumes or using funds for ecosystem development could reduce the negative effect on the ETH price.