Ethereum

Impact

Arkham

Foundation

USDC

<ul class="wp-block-list news-points">
 <li>Vitalik Buterin’s wallet actively sells ETH, raising $1.835M USDC from recent transactions.</li>
 <li>The Ethereum Foundation recently pledged 3,000 ETH to Kelp for liquidity management efforts.</li>
 <li>Crypto community debates the timing of Buterin’s ETH sales amid market volatility.</li>
</ul>
Ethereum co-founder Vitalik Buterin’s multi-signature wallet has been actively selling ETH holdings, generating around 1.835 million USDC from the sale of 760 ETH. This activity followed an earlier transfer of 3,800 ETH, valued at $9.99 million, into the wallet from Buterin’s connected wallets between August 9 and August 30, 2023. The latest sale occurred September 8, 2023.
<a href="https://x.com/WuBlockchain/status/1832986887289790670" target="_blank" rel="noopener noreferrer nofollow">Buterin had stated</a> he hasn’t sold ETH for personal profit since 2018, and that these sales typically support charitable contributions, donations, or project funding.
Spot On Chain monitoring revealed the systematic selling pattern from the multi-signature wallet. The average sale price for the ETH was approximately $2,414. The activity aligns with Buterin’s <a href="https://coinedition.com/buterin-denies-eth-dumping-as-foundation-cashes-out-240k/" rel="noopener noreferrer nofollow">previous statements</a> on his ETH holdings.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 According to Spot On Chain, the multi-signature address marked by Arkham as controlled by Vitalik's wallet: 0xfE…03B2 has …
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/eth-price-impact-as-buterin-and-foundation-offload-holdings/" rel="noopener noreferrer nofollow">ETH Price Impact as Buterin and Foundation Offload Holdings</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

ETH Price Impact as Buterin and Foundation Offload Holdings

Coin Edition

Other articles published on Sep 9, 2024

FLOKI Coin Holders to Get CAT Tokens

Lost Boys Interactive hit by another round of layoffs

ApeCoin Launches BluePrint Initiative to Enhance ApeChain with New Tools and Content

What is Ethervista?

Tether Invests $100M in Adecoagro, Securing 9.8% Stake in Agricultural Giant

Could Toncoin tank another 30% in September?

Join our free newsletter for daily crypto updates!