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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.
This is why solana is goated
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.
As the community
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