Ethereum co-founder Vitalik Buterin sold approximately 6,183 ETH over a few days, cashing out about $13.2 million at an average price of around $2,140 per ETH. At the time of these transactions, the price of Ethereum dropped below $2,000, down more than 36% in the past month. Meanwhile, the Ethereum Foundation has begun staking its treasury, with an initial stake of 2,016 ETH, and plans to stake a total of about 70,000 ETH. This move aims to generate revenue for ecosystem funding rather than liquidate the held ETH.
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Ethereum co-founder Vitalik Buterin sold approximately 6,183 ETH over a few days, cashing out about $13.2 million at an average price of around $2,140 per ETH. At the time of these transactions, the price of Ethereum dropped below $2,000, down more than 36% in the past month. Meanwhile, the Ethereum Foundation has begun staking its treasury, with an initial stake of 2,016 ETH, and plans to stake a total of about 70,000 ETH. This move aims to generate revenue for ecosystem funding rather than liquidate the held ETH.