After a two-week pause, Vitalik Buterin, known by the ENS name vitalik.eth, has resumed selling Ethereum (ETH) according to on-chain data. About eight hours ago, he withdrew 3,500 ETH, worth approximately $6.95 million, from Aave, a major decentralized lending platform. This withdrawal is believed to be part of a plan to sell off a portion of his holdings.
To date, 571 ETH, equivalent to around $1.13 million, has been sold. Market observers suggest that although the total amount of ETH withdrawn is significant, the actual volume sold remains relatively small compared to the overall market liquidity. As usual, transactions involving prominent figures in the crypto industry quickly attract attention and discussion.
Vitalik Buterin has not made any public statements regarding his selling intentions or timing. Previously, similar sales were often related to donations, funding, or personal asset management.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
(no title)
Bitwise Asset Management has announced a $100,000 contribution to Ethereum's open-source developers, continuing its commitment to the ecosystem. This funding supports sustainable development and innovation in projects, reflecting the importance of developers in maintaining Ethereum's network.
TapChiBitcoin4m ago
Culper Research shorted ETH, BitMine: Ethereum has entered a death spiral, Fusaka upgrade fee collapsed by 90%
Short-selling firm Culper Research publicly shorted Ethereum (ETH) and BitMine (BMNR), accusing the Ethereum Fusaka upgrade of causing transaction fees to plummet by 90%. The firm warned that the risk of a "death spiral" is increasing and questioned the sustainability of Ethereum's economic model. Culper cited Vitalik's recent sale of 20,000 ETH, indicating the founder's negative outlook on the current situation, and challenged the interpretation of active address growth, suggesting it may be the result of address poisoning attacks.
動區BlockTempo19m ago
Culper Research Shorts Ether and BitMine, Citing Fusaka Upgrade 'Death Spiral' Risk
Short seller Culper Research has disclosed a bearish position on Ethereum and ETH-linked securities, including treasury firm BitMine, arguing that the network's December 2025 Fusaka upgrade has "impaired ETH tokenomics" by flooding the network with excess blockspace and driving transaction fees down approximately 90 percent.
CryptopulseElite22m ago
Culper Research shorted Ethereum, citing the upgrade as the trigger for a death spiral
Culper Research report indicates that Ethereum's Fusaka upgrade caused excess block space, leading to a 90% drop in transaction fees, potentially entering a "death spiral" cycle, resulting in decreased staking demand and network security. The report mentions Vitalik Buterin selling large amounts of ETH, questioning Tom Lee's bullish outlook, and points out BitMine's loss risks held in Ethereum.
MarketWhisper1h ago
Bitwise donates $100,000 to Ethereum open-source developers
Bitwise Asset Management announces a $100,000 donation to Ethereum open-source developers to support Protocol Guild and PBS Foundation. This is part of Bitwise's annual support for open-source developers, which previously included a $233,000 donation to Bitcoin developers.
GateNews1h ago
Bit Digital: As of the end of February, Ethereum holdings increased to 155,434.4 ETH, valued at over $305 million
ChainCatcher News, according to PRNewswire, the Nasdaq-listed Ethereum treasury company Bit Digital released a holdings update report. As of today, the company's Ethereum holdings have increased to 155,434.4 ETH, valued at approximately $305.4 million, with an average purchase price of $3,045. Additionally, the company disclosed that as of today, a total of 138,2696 ETH have been staked, accounting for about 89% of its total holdings, generating approximately 313.9 ETH in staking rewards.
GateNews1h ago