Ethereum co-founder Vitalik Buterin's wallet activity has once again become the focus of the market. According to on-chain data, after a brief two-week period without significant selling activity, he resumed ETH selling and withdrew a large amount of assets from a decentralized lending protocol.
The latest transactions show that Vitalik withdrew 3,500 ETH from Aave, worth approximately $6.95 million, of which 571 ETH have already been sold through CoW Protocol. Although the amount is substantial, it is still only a small adjustment compared to his overall holdings.
Sale resumes after a two-week pause: 3500 ETH withdrawn from Aave
Vitalik Buterin has once again made a significant on-chain transaction. According to data shared by blockchain analytics platform Lookonchain, in the past 8 hours, a wallet address labeled vitalik.eth withdrew 3,500 ETH from Aave, equivalent to approximately $6.95 million at current prices. Of this, 571 ETH (approximately $1.13 million) were sold through the CoW Protocol.
In early February, a total of 7,386 ETH had been sold.
In fact, this move is not an isolated case. As early as February 2nd to the beginning of February, Vitalik had already sold a total of 7,386 ETH, with a total value of approximately $15.5 million, and an average selling price of about $2,100 per ETH.
At the time, ETH had fallen below the $2,000 mark, market sentiment was conservative, and volatility was high. Vitalik's continuous selling sparked discussion in the community, with some investors wondering if it was a bearish signal.
They still hold approximately 240,000 ETH, worth about $467 million.
Despite the recent frequent moves, these sales represent only a small fraction of its total holdings in terms of overall scale.
According to blockchain intelligence platform Arkham Intelligence, Vitalik currently holds approximately 240,000 ETH, worth about $467 million at current prices.
If the sales volume since the beginning of January is included, the total reduction is approximately 4% of its holdings. Analysts generally believe that this magnitude is more like asset allocation and liquidity management than a complete withdrawal.
Related to charitable projects? Fund flows attract attention.
In the past, Vitalik has repeatedly converted ETH into stablecoins and then transferred them to charitable and research institutions he supports, including Kanro, which he founded and focuses on issues such as infectious disease research.
Some of the proceeds from the sale in early February were also converted into stablecoins and flowed to relevant organizations. This leads market observers to believe that this use of funds may also be related to established charitable commitments or annual planned expenditures.
This article, "Vitalik Sells ETH Again! Withdraws $6.95 Million from Aave," first appeared on ABMedia, a ABMedia .
