According to Lookonchain monitoring data on February 26, Ethereum co-founder Vitalik Buterin has continuously reduced his ETH holdings, with total sales reaching 17,196 ETH to date. At current market prices, this amounts to approximately $34.96 million.
This figure has already surpassed his originally disclosed 16,384 ETH sale target, sparking widespread discussion within blockchain communities. It's worth noting that transaction tracking platforms haven't revealed specific fund destinations.
Market Reactions and Technical Analysis
The significant ETH selling activity has triggered market reactions, with some crypto investors concerned about potential short-term price impacts. However, analysts suggest this might reflect long-term portfolio adjustments rather than immediate market timing.
- On-chain data shows gradual selling patterns
- No large-scale transfers to exchanges detected
- Market trading volumes remain stable
Experts advise maintaining perspective on whale wallet activities while focusing on Ethereum ecosystem developments and broader market fundamentals.