On-Chain Monitoring Platform Lookonchain has discovered that vitalik.eth has recently made multiple Ethereum transfers. Data shows that within three days, he sold a total of 2,961.5 ETH in batches, which was approximately $6.6 million at the time. The related transactions were completed through the CoW protocol, executed in small amounts multiple times, and the on-chain settlement process was verified by Arkham. No traces of hidden routing or mixer operations were found.
From a historical perspective, this is not a temporary action. Vitalik has previously publicly stated that he would gradually transfer some ETH for long-term plans. Recently, he also transferred 16,384 ETH, worth over $43 million, some of which was used for his Kanro organization to support biotech research, open-source security, and public welfare projects. His past operations have always been carried out in a slow, planned manner, with no signs of abrupt liquidation.
Nevertheless, the news still caused brief emotional fluctuations on social media. The “sell-off” label spread quickly, and some traders overreacted. However, in reality, Ethereum’s price had already experienced a significant correction due to macroeconomic pressures, and these transfers are more about riding the trend rather than being a direct cause of the decline. Compared to Ethereum’s daily liquidity of billions of dollars, this scale of selling has limited market impact.
More importantly, the fundamentals of Ethereum have not changed. Network activity, development progress, and the adoption rate of layer 2 scaling solutions continue to improve. Vitalik also continues to invest resources into ecosystem development and cutting-edge research. For long-term participants, these on-chain actions are more about fund allocation rather than a negation of the network’s prospects. Short-term fluctuations will eventually pass; the accumulation of technology and applications is the key to determining value.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
In the past 24 hours, liquidations across the entire network totaled $232 million, with long liquidations accounting for over 60%.
Gate News, April 9, according to CoinAnk data, the total liquidation amount across the entire network over the past 24 hours reached $232 million. Of that, long liquidations totaled about $144 million, accounting for more than 60%; short liquidations totaled about $88.17 million. From the distribution by asset, the liquidation amount for Bitcoin was about $68.95 million, and the liquidation amount for Ethereum was about $35.32 million.
GateNews59m ago
The Iran-U.S. ceasefire talks may be torn apart! Iran warns Israel: If it continues its relentless shelling of Lebanon, it will “fully withdraw from the ceasefire agreement.” Bitcoin immediately drops below $71,000.
Iran threatened to withdraw from the U.S. ceasefire agreement with Israel’s bombing of Lebanon and is preparing retaliation. As geopolitical tensions intensify, risk-averse sentiment has emerged in global markets, and the prices of Bitcoin and Ethereum have fallen sharply. The peace process between the United States and Iran faces a risk of breaking down.
動區BlockTempo1h ago
SUI Will Overtake Ethereum: Mysten Labs Co-Founder Makes Bold Call
A bold statement from Mysten Labs has pushed Sui back into the spotlight, especially as the conversation around scalability and real-world crypto payments continues to evolve. The claim centers on one idea. Future financial systems will demand fast and near-free transactions, and that
CaptainAltcoin1h ago
Tom Lee: The stock market often hits bottom early in a war, bullish on Ethereum and tech stocks
Well-known analyst Tom Lee said in an interview that despite the U.S.-Iran conflict and rising oil prices, the stock market did not fall, showing that the market has strong resilience. He believes that most S&P constituents have undergone significant adjustments, that the worst-case scenario for the overall market may already be behind us, and that there is room for upside from here. He is bullish on Ethereum as well as technology, industrial, and mid- and small-cap stocks.
GateNews2h ago
A whale opened a $4.35 million ETH long position with 10x leverage, planning to take profit at $2,220.
On April 9, a whale address starting with 0x9fa opened an approximately $4.35 million ETH long position with 10x leverage, with an entry average price of $2,179 and a liquidation price of $2,001. Subsequently, the address planned to take profit at $2,220 and place a $4.45 million sell order.
GateNews2h ago
