Ethereum news: Vitalik Buterin sold 17,000 ETH this month as ether fell 37%
Ethereum co-founder Vitalik Buterin sold approximately 17,000 ETH in February while the token's price dropped 37%.Summary
Ethereum co-founder Vitalik Buterin's attributed wallets saw a reduction from 241,000 ETH to 224,000 ETH during February, amounting to a sale of roughly 17,000 ETH, which was earmarked for privacy projects in January.
The sales were executed gradually through the CoW Protocol in small batches to minimize market impact, resulting in a slow, consistent sell-off rather than a single large transaction. This selling occurred while Ether (ETH) experienced a significant downturn, falling 37% over the past month to trade near $1,900, adding headline pressure to the struggling token.
Buterin had announced the $43 million allocation (16,384 ETH) in January to fund privacy-preserving technologies, open hardware, and secure software systems, stating the capital would be deployed gradually over several years.
(Source：CoinDesk)