Vitalik Buterin Exceeds Planned Ethereum Sales as Total Liquidations Hit $35M
- Vitalik Buterin has sold off Ethereum tokens totaling nearly $35 million.
- He originally planned to allocate $43 million for privacy-related systems, setting aside 16,384 ETH.
- His wallet balance decreased from 241,000 ETH to approximately 223,804 ETH since February.
- ETH has declined by over 37% in the past month amid ongoing sales by Buterin.
- In the last three days alone, Buterin liquidated an additional $7 million worth of ETH.
- Despite this, ETH price rallied nearly 9% to $2,060 following recent ETF inflows totaling $157 million.
The continued sell-off by Ethereum co-founder Vitalik Buterin has led to significant market fluctuations, with more than a third of the token’s value lost recently. Additionally, over one-third of ETH remains locked in staking contracts with reduced returns.
Buterin’s total sales have now exceeded his original plan as he offloaded a total of nearly $35 million worth of ETH during this period.(Source)
