- Vitalik Buterin sold nearly $7.3 million worth of ETH in three days as traders tracked his wallet activity.
- Ethereum price hovers near $1,800 after falling 8% this week amid broader crypto weakness.
- Buterin still holds over $430 million in crypto despite the recent ETH sales.
Based on On-chain data, Vitalik Buterin sold 3,788.57 Ether in the last three days. Its transactions amount to approximately $7.3 million with current prices. Lookonchain tracked the movements and linked them to the wallet labeled vitalik.eth. The sales extend a pattern of recent ETH disposals from the same address. Traders quickly noticed the transfers and shared the data across markets.
The timing matters because Ethereum has faced a weaker week. ETH now trades near the $1,800 level after losing momentum earlier. Over the past seven days, the token has fallen nearly 8%. Meanwhile, Bitcoin slipped below $65,000 and pressured the wider market. As a result, traders have reduced risk across major digital assets.
Founder Wallet Activity Draws Market Focus
Large transfers from well-known founders often attract attention. Therefore, Buterin’s latest sales sparked fresh market discussion. Many traders monitor high-profile wallets to track supply shifts. When those wallets move funds, short-term speculation often rises. Consequently, even expected transactions can influence sentiment.
Lookonchain reported that the wallet sold 3,788.57 ETH in multiple transactions. Market participants calculated the total value at roughly $7.3 million. Although the crypto market handles far larger daily volumes, visibility drives reaction. Traders often respond quickly before they assess context. This pattern repeats whenever a founder moves funds.
Earlier reports linked some of Buterin’s transfers to charitable causes and ecosystem support. However, blockchain records do not show the final purpose of each transfer. Analysts can only review patterns and timing. Even so, traders focus on the immediate supply impact. Therefore, founder-linked activity continues to shape short-term narratives.
Ether Trades Under Pressure
Ethereum has struggled to regain upward momentum this week. The price now hovers around $1,800 after slipping from higher levels. Over the last seven days, ETH has declined close to 8%. At the same time, Bitcoin’s move below $65,000 increased market caution. As a result, traders have tightened positions across altcoins.
Some investors believe founder sales add to short-term pressure. Others argue that the market absorbs such amounts without lasting damage. Daily Ethereum trading volume exceeds the value of these transactions. Still, sentiment often reacts to headline numbers. Therefore, timing and context remain critical in price action.
Long-Term Security Focus Continues
As markets monitor wallet movements, Buterin still speaks about the future of Ethereum. He has recently described a security-oriented network plan. The proposal will enhance the safety of wallets and minimize risks in decentralized finance. Moreover, he has pointed out how to make protocols more resilient. These discussions reflect a long-term development focus. He also outlined a fresh view on how Ethereum and artificial intelligence should evolve together.
Data from Arkham shows that wallets tied to Buterin still hold over $430 million in assets. That figure suggests the recent sales represent only part of his total holdings. Consequently, analysts view the transactions as a fraction of his portfolio. For now, traders will watch both price levels and any further wallet activity.
