Ethereum co-founder Vitalik Buterin sold about 2,961 Ether price $6.6 million in three days after previously announcing plans to withdraw a few of his holdings.
Blockchain tracker Lookonchain said in a post on Thursday According to CoinMarketCap, Ethereum's native cryptocurrency was trading at around $2,130 on the time of writing, down greater than 5% from the last day.
Data from Arkham Intelligence shows that ETH sales via the CoW protocol were accomplished using multiple small swaps reasonably than a single block trade. Such transactions are typically used to cut back market impact.
Buterin commits $45 million to ETH for data protection and promoting open infrastructure
Last week, Buterin said he had put aside 16,384 Ether price about $45 million from his personal holdings to support privacy-preserving technologies, open hardware and secure, auditable software. He added that the funds can be deployed progressively over the approaching years because the Ethereum Foundation enters a phase of what he described as “light austerity,” while continuing to pursue its technical roadmap.
Buterin's post from last week. Source: Vitalik Buterin
Buterin said he personally takes on tasks that will otherwise fall under specific foundation projects, with a deal with constructing an open, secure and verifiable technology stack that features software and hardware.
“Specifically, we try for the existence of a secure and verifiable open source package of software and hardware that may protect each our private lives and our public environments.”
The Ethereum Foundation was previously criticized for selling ETH to fund operations, but has since explored alternative strategies, including stake and decentralized finance-based approaches.
Market sensitivity is growing within the face of uncertainty
The sales come at a time of increased sensitivity towards large owners. Falling ETH prices have prompted leveraged Ether whales to dump assets to repay loans, adding to selling pressure.
In an X post on Tuesday, Bitwise Chief Investment Officer Matt Hougan said the crypto market has been in a “full-blown crypto winter” since January 2025. “Chances are we’re closer to the tip than the start,” Hougan said.
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