Vitalik Buterin's Ethereum Sell-Off Sparks Market Concerns

Ethereum co-founder Vitalik Buterin has made significant transactions involving his Ethereum holdings in recent weeks. According to data from Lookonchain, Buterin withdrew 3,500 ETH from the DeFi protocol Aave on February 22 and sold part of it shortly after.

The withdrawal and sale of tokens occurred during a period of market volatility, with ETH prices plummeting by over 30% in the last month. This has raised concerns among market participants, as heavy founder liquidations during steep market drawdowns are often seen as bearish indicators.