Vitalik Buterin Sells $3.67M in Ether as Ethereum Slides to 20-Day Low

3 min read

How Much Ether Did Buterin Sell?

Ethereum co-founder Vitalik Buterin has sold 1,869 ether worth about $3.67 million over the past two days, adding supply to a market that has already been trending lower. The transactions followed the withdrawal of 3,500 ether from Aave, according to blockchain data tracked by Lookonchain.

The latest disposals form part of a broader plan outlined in late January, when Buterin said he would withdraw and liquidate 16,384 ether to finance ecosystem development, open-source software, and other initiatives while the Ethereum Foundation enters what he described as a “mild austerity” phase.

Since Feb. 2, he has reportedly sold more than 8,000 ether. Despite the recent activity, on-chain data from Arkham Intelligence shows Buterin still holds more than 224,000 ether, valued at roughly $429 million at current prices.

Investor Takeaway

Founder sales tied to funding needs are structurally different from panic exits, but in thin or declining markets, even planned disposals can weigh on short-term price action.

What Has ETH’s Price Done?

Ether has fallen nearly 3% over the past 48 hours, touching a 20-day low of $1,844 early Monday, according to CoinDesk data. The token has been trending lower since reaching a high above $4,900 in August last year.

The timing of the sales has drawn attention because the market backdrop is already fragile. With prices under pressure, visible founder-linked transfers can reinforce bearish sentiment, even when they are pre-announced or programmatic in nature.

Is This a One-Off Sale or Part of a Funding Strategy?

The January announcement laid out a clear rationale: liquidating part of Buterin’s personal holdings to support ecosystem development and open-source work as the Ethereum Foundation tightens spending. The reference to a “mild austerity” phase suggests a period of cost control and funding prioritization rather than expansion.

In that context, the sales appear aligned with a treasury management approach rather than an abrupt exit. Still, the market often reacts to visible token flows regardless of intent, especially when they originate from high-profile wallets.

Investor Takeaway

Large, transparent wallet movements tied to known founders can amplify volatility. Traders tend to track not just fundamentals, but also supply flows from influential holders.

Who Is Absorbing the Supply?

While Buterin has been trimming his holdings, buyers have emerged. Blockchain data indicates that ShapeShift founder Erik Voorhees and a whale linked to crypto services provider Matrixport have been accumulating ether during the same period.

That dynamic suggests a redistribution of supply rather than an absence of demand. However, the balance between steady accumulation and continued founder-linked sales may determine whether ETH stabilizes near current levels or faces further pressure.

For now, the market is weighing a clear funding-driven liquidation plan against a broader downtrend that has persisted since last year’s peak. The outcome will likely depend less on one wallet’s activity and more on whether broader demand returns to absorb ongoing supply.