As Ethereum continues to decline, co-founder Vitalik Buterin has once again sold tokens for cash, drawing market attention.
According to Lookonchain tracking data, Vitalik Buterin withdrew 3,500 ETH from the decentralized lending protocol Aave on Sunday, and sold 571 ETH (worth $1.13 million). Over the past two days, he has continued to sell an additional 1,869 ETH (approximately $3.67 million).
The market is also under pressure. According to CoinGecko data, ETH has fallen 7.6% over the past week, and this morning (24th), it briefly touched $1,828, hitting a new low since May 2025. In fact, since ETH reached its all-time high of $4,946 in August last year, its overall trend has been in a prolonged downtrend, with no clear signs of rebound so far.
Statistics show that since February 2 of this year, wallets associated with Vitalik Buterin have sold over 8,000 ETH in total.
This wave of selling continues from a public statement on January 30, when Vitalik Buterin announced he would gradually withdraw and sell a total of 16,384 ETH to fund the development of the Ethereum ecosystem, open-source software, and other key projects. At the same time, due to the Ethereum Foundation entering a so-called “moderate austerity period,” he chose to use personal holdings to fill the funding gap for ecosystem development.
According to Arkham Intelligence tracking, Vitalik Buterin still holds over 224,000 ETH, valued at approximately $429 million.
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