Vitalik Buterin Sold Ethereum (ETH) Again

Ethereum co-founder Vitalik Buterin once again drew attention to the selling side with his transactions today.

According to on-chain data, Buterin sold a total of 428.57 $ETH, acquiring approximately $850,178 worth of stablecoin $GHO. The transactions appear to have been conducted via the decentralized exchange protocol CoW Protocol.

With this latest sale, it is estimated that Buterin has sold a total of 7,386 $ETH since February 2nd, for approximately $15.51 million, at an average price of $2,100. This data indicates that the founder has been making sales at regular intervals in recent weeks.

On-chain records show that the transactions were made through a Gnosis Safe Proxy wallet belonging to Buterin. Some of the $ETH was first converted to WETH, and then swapped to $GHO. $GHO is known as a collateralized stablecoin issued by the Aave ecosystem.

The data also shows a movement of approximately 3,500 WETH (approximately $6.9 million). This transfer appears to be linked to assets withdrawn from an aEthWETH position on Aave V3 and transferred to the wallet. However, it is unclear whether this transaction was a direct sale or position management.

According to Arkham data, the total value of assets attributed to Vitalik Buterin across 10 different addresses is approximately $468 million.

*This is not investment advice.