According to the latest data from blockchain monitoring platform Lookonchain, Ethereum co-founder Vitalik Buterin has been consistently reducing his ETH holdings. So far, he has sold a total of 17,196 ETH, valued at approximately $34.96 million.
This volume of sales has exceeded his initial plan of 16,384 ETH. Analysts suggest that this significant ETH sell-off could be linked to his personal asset allocation strategy.
Importantly, the move has not triggered market panic, though investors are advised to closely monitor future developments.