Vitalik Buterin's recent increase in Ethereum (ETH) sales has raised eyebrows among cryptocurrency traders. According to on-chain data from Lookonchain, he sold 1,869 ETH worth approximately $3.67 million in the past two days. This activity coincided with a notable ETH price drop from $1,988 to $1,875.
Historical patterns suggest that Buterin's sales may trigger significant price drops. In the past, when he sold 6,958 ETH worth $14.78 million, ETH plummeted from $2,360 to $1,825, a 22.7% fall. Traders should monitor on-chain metrics closely for potential correlations between high-profile sales and market volatility.