Vitalik Buterin Sold While Ethereum Was Falling

In recent hours, Ethereum prices have dropped below $2,000, while data regarding the sales made by the cryptocurrency's founder, Vitalik Buterin, has come to light like a bombshell. The increasing selling pressure in the cryptocurrency markets has negatively affected investors, while Buterin's actions have also attracted attention.

According to data provided by the on-chain data platform Arkham, wallets belonging to Vitalik Buterin performed sequential transactions via Cow Protocol at times when the price of Ethereum sharply declined. The fact that these transactions coincided with the drop in Ethereum prices has been closely monitored by market participants.

The transfers carried out revealed that Ethereum assets were gradually offloaded through sales made using Gnosis Safe. Starting with relatively small transactions of 16.5 Ethereum, the sales increased over time to transfers exceeding 70 Ethereum. The stablecoins preferred by Buterin in these sales, including GHO, EUROC, and LUSD, have been interpreted as taking a position against potential market volatility.

The fact that the price of Ethereum remained below $2,000 has created a negative perception among investors. While it is known that Vitalik Buterin has previously made sales as part of asset management, the reactions this time drew more attention due to the timing and market conditions. Investors have had to revisit their selling and buying strategies based on the founder's actions.

It is crucial for investors to monitor Buterin's sales during this critical period for Ethereum prices. This situation, which could affect the overall trend of the market, should be carefully evaluated from both technical and fundamental analysis perspectives.