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Ethereum co-founder Vitalik Buterin, whose every move is talked about, is on the agenda again with his $ETH sale.
According to the latest on-chain data released by Spot on Chain, Vitalik Buterin continues to sell $ETH.
At this point, the $ETH price, which has shown great strength over the past week, has corrected by more than 2% and is facing selling pressure at $2,700.
Accordingly, the wallet “0x556” associated with Vitalik Buterin deposited 649 $ETH (worth $1.72 million) to Paxos in the last 24 hours.
On September 19, the same wallet received 1,300 $ETH (worth $3.21 million) from “0xd04,” another wallet funded by Buterin with 70,000 $ETH in 2022.
In the 11 days since September 19, wallet ‘0x556’ took advantage of Ethereum’s price recovery to transfer all 1,300 $ETH to Paxos, selling for a total of $3.35 million at an average selling price of $2,581 per $ETH.
Vitalik Sells Buterin, Whales Buy!
As Ethereum co-founder sells, smart whales are buying dips in $ETH.
According to Lookonchain's post, a smart Ethereum whale purchased 10,083 $ETH worth $26.8 million.
This smart whale, who has a 100% win rate in swing trading, has made 10 successful $ETH swing trades since August 12. The whale, who made a profit in all of these transactions, made a total profit of $2.14 billion.
This smart trader with a 100% win rate in swing trading $ETH bought 10,083 $ETH($26.8M) again 8 hours ago!
Since August 12, he has traded $ETH 10 times, making money every time, with a total profit of ~$2.14M!https://t.co/a80xVafIlu pic.twitter.com/BY8aXlSHir
— Lookonchain (@lookonchain) September 30, 2024
*This is not investment advice.