Vitalik Continues Gradual ETH Sales, Over $22 Million Worth Sold

Overview

According to recent on-chain monitoring data from Onchain Lens, Vitalik, co-founder of Ethereum, continued his ETH selling spree on February 25. Over the past four days, he offloaded 4,326 ETH, worth approximately $8.12 million at current market prices.

Trend Analysis

This selling activity aligns with a pattern observed since February 2, bringing the total amount sold to 11,284 ETH, equivalent to $22.78 million, with an average selling price of $2,027.

Market Impact

• The move has sparked some concerns about ETH's market direction.
• However, given the relatively small scale, the broader market impact is limited.
• Experts suggest this could be a personal financial adjustment by Vitalik.