Ethereum co-founder Vitalik Buterin is once again at the center of market discussions after fresh on-chain data revealed that his recent Ethereum liquidations have surpassed earlier projections. With total sales now approaching $35 million, the development has sparked debate across the crypto community about transparency, intent, and potential market impact.
Buterin Makes Larger-Than-Expected ETH Sales
Blockchain tracker Lookonchain has reported that Ethereum co-founder Vitalik Buterin has sold more Ethereum, bringing his total sales to 17,196 ETH, worth $34.96 million. The on-chain sleuth revealed this information in a recent X post, highlighting data from Arkham Intelligence showing the list of ETH recently offloaded by Buterin.
Meanwhile, Lookonchain, in its previous report, revealed that the co-founder planned to sell 16,384 ETH to fund privacy-related systems and had already sold 70% of that amount. However, his most recent ETH sale has now exceeded the projected amount, sparking curiosity about how much more ETH Buterin plans to offload.
It’s also worth noting that at the beginning of February, Buterin-affiliated wallets held a total of 241,000 ETH. However, that figure has now fallen to 224,106 ETH, worth over $461 million at current prices, due to the steady stream of ETH outflows from the wallets.
Ethereum Treasury Firm FG Nexus Offloads 7,550 ETH, Deepens Exit After Failed Accumulation Bet
Institutional Shifts, Macro Relief, and ETF Inflows Drive Market Reaction
Adding to the mixed outlook, Ethereum treasury ETHZilla recently announced it is pivoting away from ETH toward the RWA tokenization sector, following an earlier offloading of a significant portion of its ETH holdings. The strategic shift has fueled speculation about institutional appetite for ETH exposure. Meanwhile, the massive sale has also put further downward pressure on Ethereum, which has declined by 37% within the past month.
In the meantime, Ethereum is currently trading above the $2,000 mark. The token’s rebound came shortly after U.S. Trade Representative, Jamieson Greer, announced that the country will not expand its tariff sanctions against China brought partial relief to global markets, with the crypto sector benefiting from the renewed risk appetite.
Further, data from SoSoValue shows that the uptrend also spilled into Ethereum ETFs, which recorded a net inflow of $157.08 million. The inflows were led by Fidelity Investments funds, which saw $61.94 million in new capital, followed by the Grayscale Investments Ethereum ETF, which saw $33.87 million in inflows.
Together, founder-linked liquidations, institutional repositioning, and macro-driven relief have created a complex backdrop for ETH, leaving investors closely watching both on-chain activity and broader market catalysts.
Evans Kelvin
The CoinRemark Team
