Ethereum founder liquidates his assets again amid volatile market movement

Vitalik Buterin, the founder of Ethereum, has returned to the selling scene after a two-week hiatus, drawing attention from followers of major project movements. According to data from the analytics platform Lookonchain, the founder withdrew 3,500 ETH from the Aave lending protocol, worth approximately $6.95 million, followed by an immediate sale of 571 ETH valued at $1.13 million.

New Movement from the World’s Leading Blockchain Founder

These actions follow a recurring pattern for Vitalik Buterin of liquidating part of his digital assets. Data from Lookonchain indicates that this is not an isolated incident but part of a continuous strategy to manage his large ETH portfolio.

Sales Record in February

In February alone, Ethereum’s founder made several major sales. First, he sold 2,961 ETH over three days for $6.6 million, then later sold 6,183 ETH totaling $13.2 million, with an average sale price of $2,140 per ETH. These figures reflect the scale of his financial operations.

Founder Maintains a Large Wealth Despite Sales

Despite these sales activities, Vitalik Buterin still holds over 240,000 ETH, valued at around $467 million, indicating his wealth remains heavily concentrated in the native currency. This suggests that recent sales have not significantly impacted his investment in Ethereum.

At the latest price of $2,031 (a 3.24% decrease in 24 hours), these movements indicate a delicate balance between personal funding needs and the founder’s desire to retain a substantial stake in the project. Whether this is a natural wealth management strategy or a market signal remains a subject of debate, but price history will be the final judge.