Status: Vitalik’s project-budget ETH sell-off completion unconfirmed
A circulating claim states the ETH sell-off tied to a “project budget” wallet is complete after 23 days. That completion status remains unconfirmed, and the exact duration has not been broadly corroborated by primary on-chain reporting.
crypto.News reported that wallets linked to vitalik buterin declined from roughly 241,000 ETH to 224,000 ETH during February, implying about 17,000 ETH in outflows. Separately, Coinlaw.io has described an earlier 16,384 ETH “austerity” allocation for ecosystem funding, a useful reference point for gauging recent disposals.
Why the Vitalik Buterin ETH sell-off matters now
The market tends to weigh signal over size when prominent insiders transact during stress. CCN has noted that the absolute volume of Vitalik’s sales is small versus typical daily ETH turnover, but the timing can still pressure confidence.
Countervailing signals also matter. ZyCrypto reported that the ethereum foundation began staking part of its treasury with an initial 2,016 ETH deposit on February 24, a step that may be interpreted as long-term alignment distinct from any Vitalik-linked project budgeting.
Immediate impact: price, liquidity, ETF inflows, whale accumulation
At the time of this writing, Ethereum (ETH) trades at $2,057.70, with sentiment classified as Bearish, 14.97% volatility, a 50-day SMA of $2,543.65, a 200-day SMA of $3,167.49, and an RSI(14) near 45.38. These are descriptive metrics rather than forecasts.
Technical commentary has emphasized fragile liquidity and sub-$2,000 retests. As reported by NewsBTC: “Ethereum faces persistent selling pressure below $2K as weak momentum, tight liquidity, and sales by Vitalik weigh on market sentiment.”
ETF-related flows have been cited as a partial offset. According to CoinGape, ETH ETF inflows have signaled renewed investor interest even as on-chain selling by high-profile holders draws attention.
Whale behavior remains a second offsetting theme. Coinpaper highlighted that whales accumulated about 8.9 million ETH during a broader 43% drawdown, while a treasury firm reportedly sold 7,550 ETH at a loss and Vitalik’s holdings declined toward 224,000 ETH. These figures underscore redistribution rather than a one-way exit.
What to watch next: signals and uncertainty
ETH ETF inflows versus Vitalik Buterin ETH sell-off pressure
The balance between net ETF inflows and any renewed Vitalik-linked selling will shape near-term liquidity. Sustained primary-market demand could absorb sporadic on-chain sales, but inconsistent flows may leave price more sensitive to insider timing.
Whale accumulation, liquidity, and sentiment checkpoints
Monitoring whale net positions, exchange reserves, and spot-liquidity depth can clarify whether absorption is improving. Cointelegraph’s technical coverage has focused on pivotal support zones; if those areas weaken, sentiment could deteriorate before stabilizing.
FAQ about Vitalik Buterin ETH sell-off
How much ETH did Vitalik-linked wallets move or sell recently, and from which addresses?
Based on Lookonchain, recent disposals are around 18,684 ETH versus a 16,384-ETH plan; labels like “project budget” are heuristic and not regulator-verified.
What impact did these sales have on Ethereum price, liquidity, and market sentiment?
Direct liquidity impact appears modest; signaling turned sentiment cautious. Price tested sub-$2,000 amid tight liquidity, while ETF inflows and Ethereum Foundation staking partly offset weakness.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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