Vitalik Buterin sells $6.6M in ETH after flagging planned withdrawals
Vitalik Buterin sold almost 3,000 ETH worth $6.6 million through a series of swaps days after saying withdrawals from his holdings were coming.
Ethereum co-founder Vitalik Buterin sold about 2,961 Ether worth $6.6 million over a three-day period, after previously announcing plans to withdraw some of his holdings.
Blockchain tracker Lookonchain said in a Thursday X post that the transactions were executed at an average price of about $2,228 per Ether (ETH). Ethereum’s native cryptocurrency traded at around $2,130 at the time of writing, down by more than 5% over the past day, according to CoinMarketCap.
Arkham Intelligence data shows that the ETH sales were routed through CoW Protocol, with multiple small swaps rather than a single block trade. Such transactions are commonly used to reduce market impact.
