Vitalik Buterin offloaded millions worth of Ethereum (CRYPTO: ETH) over the past couple of days, coinciding with a significant drop in the cryptocurrency’s price.
ETH Exits Buterin’s Wallet
In an X post on Sunday evening, on-chain tracker Lookonchain pointed to the sale of 1,869 ETH, worth $3.67 million, over the last 48 hours. This sale coincided with a 5.7% drop in ETH’s price, sliding from the high $1,900s into the mid-$1,800s.
“Vitalik Buterin is selling ETH faster again,” added Lookonchain.
Earlier this month, Buterin dumped over $14 million in ETH after the second-largest cryptocurrency sank over 22%.