- Ethereum’s Vitalik Buterin sells 2,961 ETH, affecting market sentiment.
- ETH price declines to $1,730 amid year-to-date downturn.
- Significant long-position liquidation risks emerge within price ranges.
Vitalik Buterin, Ethereum co-founder, recently sold approximately 2,961 ETH valued at $6.6 million over three days, executed through CoW Protocol in an effort to limit market disruptions.
The sales by Buterin come amid a significant decline in Ethereum’s price, reflecting broader market pressures and investor apprehension towards the cryptocurrency sector.
Recent ETH Sales by Vitalik Buterin
Ethereum co-founder Vitalik Buterin recently sold approximately 2,961 ETH, valued at $6.6 million, over three days, utilizing the CoW Protocol. This strategic action followed his announcement of planned withdrawals from Ethereum holdings. Buterin also sold an additional 493 ETH, partially donating the proceeds to a charitable foundation.
Vitalik Buterin, Co-founder, Ethereum, sold approximately 2,961 ETH worth $6.6 million over three days at an average price of $2,228 per ETH, routed through CoW Protocol via multiple small swaps to minimize market impact. source
The transactions involved various small swaps, aiming to minimize the impact on market prices.
Implications on Ethereum’s Market
The Ethereum price briefly dipped to around $1,730, reflecting a 31% decrease for the year 2026 to date. These sales have contributed to a broader decline in Ethereum’s market performance. Financial markets indicate a potential long-position liquidation risk between ETH price ranges of $1,700-$1,455, while notable short-position liquidity is apparent around $3,000. The lack of funding allocations or institutional activity has also surfaced, as shown in analysis by TradingView.
Past trends show parallels between current declines with historical correction phases, as seen during previous bull cycles like 2021. The key support levels previously seen at $1,237 now gain renewed focus.
External Market Influences
Bitcoin’s mining difficulty, declining by 11.16%, marks the sharpest reduction since 2021. These shifts might influence Ethereum’s trajectory, aligning with earlier market phases. Historical data aids in forecasting Ethereum’s future stability. Derivatives market signals suggest a significant long-position liquidation risk and are further elaborated by CryptoDotNews.
