Ethereum co-founder Vitalik Buterin has resumed selling $ETH after a two-week pause.
🔹 In the past 2 days: 1,869 ETH sold (~$3.67M)
🔹 ETH price dropped from $1,988 → $1,875 (-5.7%)
🔹 Earlier in February: 6,958 ETH (~$14.78M) sold
🔹 ETH fell from $2,360 → $1,825 (-22.7%) during that period
On-chain data shows he withdrew 3,500 ETH from Aave (Feb 22) and sold portions via Cow Protocol.
📊 Is this a dump?
While traders quickly label this as bearish, context matters:
• Total ETH sold since early Feb ≈ $15M
• ETH market cap ≈ $226B
• The amount represents <0.002% of total supply
Historically, Vitalik’s sales are linked to:
Donations
Personal expenses
Ethereum Foundation treasury management
Not coordinated “panic selling".
⚠️ Market psychology matters more than size
Even if the amount is small, optics can impact sentiment — especially during a dip.
If ETH continues sliding, narratives may intensify.
If ETH stabilises, this is likely to fade into routine treasury activity.
📌 Watch:
• $1,850 support zone
• Broader risk sentiment
• BTC correlation
For now, this looks more like liquidity management than capitulation — but in crypto, perception can move faster than fundamentals.
