Ethereum co-founder Vitalik Buterin has once again caught the attention of the crypto market after a series of token sales sparked fresh debate among traders and analysts. The sale involved tokens that were previously sent to Buterin’s public wallet, a common practice among meme coin and experimental token creators seeking visibility.
Vitalik Buterin Sell-Off Sparks Attention
Blockchain tracker Lookonchain has flagged a transaction involving Ethereum founder Vitalik Buterin. According to the report, Buterin offloaded 29,500 Kyber Network Chrystal (KNC) tokens worth over $6,000 in multiple transactions. He also sold 30.5 million Stray Dog (STRAYDOG) for $15,916 in two batches.
Despite the sale, Buterin still holds portions of both tokens. At press time, his wallet shows balances of 69.42 STRAYDOG and 800,009 KNC.
Historically, Buterin has sold tokens received from airdrops or unsolicited transfers, often explaining that he prefers not to hold assets he does not actively endorse. In fact, in some cases, he has openly criticized unsolicited token airdrops, arguing that they can mislead retail investors into assuming his endorsement.
Vitalik’s History With Token Sales
This is far from the first time Buterin has sold tokens from unsolicited transfers. Interestingly, Lookonchain had on October 10, 2025, reported that Buterin sold off meme coins received for free, gaining 22.14 ETH worth a little over $96,000 at the time. Furthermore, the on-chain analysis flagged another meme coin sale on October 30, in which Buterin earned $14,216 in USDC.
However, it is worth noting that Buterin often uses proceeds from these token sales for charitable causes, research initiatives, or Ethereum-related public goods, including funding for open-source development.
Thus, because of this track record, the crypto community generally views such sales as neutral or even positive, as they help reduce hype-driven speculation around tokens that have no formal connection to Ethereum’s core development.
Market Reaction Remains Calm
Despite initial social media chatter, the broader crypto market showed no reaction as Ethereum’s price remained stable. Furthermore, instead of panic selling, more institutions are accumulating ETH tokens in large quantities.
Meanwhile, this selloff comes after the BOJ raised its interest rate to a 30-year high, surprisingly igniting an uptrend in the crypto market. Bitcoin rallied towards the $90,000 mark, and Ethereum raced towards $3,000. Other altcoins, including BNB and DOGE, also posted modest gains.
The CoinRemark Team
