Vitalik Buterin's ETH Sales Spark Market Speculation

The recent ETH sales by Vitalik Buterin have raised eyebrows in the cryptocurrency community, sparking market speculation about their potential impact on Ethereum's price.

According to Onchain Lens, Buterin sold 10,723 ETH since February 2nd, amounting to $21.74 million at an average price of $2,027 per ETH. This includes a significant sale of 3,765 ETH for $7.08 million in the past 2.5 days alone.

These transactions may have an influence on Ethereum's trading dynamics and market sentiment, particularly given Buterin's high-profile status as one of the co-founders of Ethereum.