Vitalik Buterin Sells Significant Amount of Ether

Ethereum co-founder Vitalik Buterin has been on an Ether sell-off spree, with recent transactions showing he sold a larger amount of Ether than initially indicated.

According to blockchain analytics platforms, Buterin gradually sold holdings from a wallet known as '0xfeb' over the past several weeks. The address once held more than 19,300 ETH and has now been almost fully emptied, with total sales estimated at about 19,268 ETH.

The transactions were executed at an average price slightly above $2,000 per token, bringing the total value of the sales close to $38.7 million.