Ethereum Co-Founder Vitalik Buterin Dumps Another $9.8M Worth of ETH
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Vitalik Buterin, co-founder of Ethereum, has once again been linked to the sale of a significant amount of ETH, which has drawn attention and speculation within the crypto community.
According to blockchain data, a wallet associated with Buterin executed a sale of 190 ETH, equivalent to $441,971 in USDC, in a recent transaction. This adds to a series of sales totaling 950 ETH, valued at approximately $2.28 million, since August 30, with an average price of $2,396 per ETH.
This series of transactions has triggered various reactions among market watchers, who question the timing and implications of these sales for the broader market sentiment.
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The recent series of ETH transactions linked to Vitalik Buterin began on August 30, when his associated wallet received 3,800 ETH, valued at approximately $9.8 million.
Since receiving the funds, Buterin’s wallet has executed multiple sales, offloading ETH in smaller, strategic batches rather than in a single large transaction.
The first sale occurred shortly after the deposit, where 350 ETH was sold for approximately $839,600, averaging around $2,398 per ETH.
Following this, another batch of 410 ETH was sold on September 2, fetching roughly $983,800 at a similar price point.
The most recent sale involved 190 ETH, converted into $441,971 USDC, completed just 20 minutes before LookOnChain’s announcement on X.
This latest transaction brings the total amount sold to 950 ETH, valued at approximately $2.28 million at an average price of $2,396 per ETH.
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