Vitalik Buterin Sells ~700 $ETH ETH in Recent Transactions
Ethereum co-founder Vitalik Buterin has sold approximately 705 ETH (worth about $1.63–1.65 million) in recent on-chain moves, tracked by platforms like Lookonchain and Onchain Lens as of February 3, 2026.
Key details:
He sold 211.84 ETH for roughly $500,000 USDC, then transferred the funds to Kanro, his philanthropic organization supporting infectious disease research and public health initiatives.
He followed up by offloading another 493 ETH (around $1.16 million), with some proceeds converted to stablecoins like GHO (from Aave).
These sales are part of a broader plan Buterin outlined earlier. In late January 2026, he withdrew 16,384 ETH (valued at ~$43–45 million then) from personal holdings to fund long-term projects in areas like secure software, privacy tech, decentralized tools, and biotech/public goods—especially amid Ethereum Foundation resource constraints.
The amounts represent only a tiny slice of his holdings (still over 235,000 ETH across wallets). The gradual, transparent approach—tied to philanthropy and ecosystem support—helped limit market impact, with ETH trading around $2,300–2,400 and showing resilience.
Community reactions ranged from mild concern over potential selling pressure to praise for Buterin's consistent use of wealth for positive causes. Overall, these moves align with his history of directing proceeds toward public goods rather than signaling doubt in Ethereum.