Vitalik Buterin Sells $6.6M in ETH Reshaping Holdings

Ethereum co founder Vitalik Buterin has sold millions of dollars worth of ETH in a series of planned transactions that reshaped his personal holdings and drew renewed attention across the crypto industry.

Key Takeaways

• Vitalik Buterin sold around 6.6 million dollars worth of ETH through structured multi day trades.
• Multiple small swaps through CoW Protocol reduced price impact and preserved liquidity.
• Buterin allocated 45 million dollars in ETH to privacy, open hardware, and secure software development.
• Additional wallet movements included 14 thousand ETH transferred, 2.3 million dollars sold, and 500 thousand dollars donated to Kanro.

What Happened?

Buterin completed several ETH sales totaling about 6.6 million dollars, with blockchain data confirming an average sale price near 2 thousand two hundred and thirty dollars per ETH. The transactions were executed over a three day period and spread across smaller swaps to avoid influencing market volatility. These sales occurred during a broader period of wallet restructuring that involved moving large amounts of ETH between Gnosis wallets and converting significant holdings to wETH.

Founder Activity Remains Transparent

Analytics platforms including Onchain Lense, Lookonchain, and Arkham Intelligence tracked the transactions and noted that the structure of the trades suggested an intention to minimize market slippage. Ethereum’s price remained largely stable, reinforcing how the market increasingly views founder activity as routine rather than directional. Alex Thorn at Galaxy Digital said founder sales often receive more scrutiny than they deserve, while Christine Kim at Messari highlighted that Ethereum’s decentralization reduces dependence on any individual holder.

Funding Research and Open Infrastructure

Last week Buterin revealed he had dedicated 16 thousand three hundred eighty four ETH, valued at about 45 million dollars, to long term projects focused on privacy, verifiable computing, and open hardware. He described the Ethereum Foundation as entering a period of mild austerity, prompting him to personally support key research efforts. His stated goal is to push forward open source verifiable technology that can protect both personal and public digital environments.

Shifts in Long Term Holdings

Arkham Intelligence also reported that Buterin moved 14 thousand ETH, converted 13 thousand two hundred seventeen ETH to wETH valued at roughly 29 million dollars, and sold 2.3 million dollars of ETH. He additionally sent 500 thousand dollars to Kanro, the biotechnology charity he founded in 2023. These movements reduced his total ETH balance from nearly 241 thousand ETH to about 227 thousand ETH, although ETH still forms the majority of his portfolio valued at more than 530 million dollars.

Buterin has a long documented history of transparent transactions. His past sales include a notable 2015 over the counter deal with Mike Novogratz at 99 cents per ETH. He has also frequently sold or distributed ETH for research grants, donations, and portfolio adjustments. In late 2024 he addressed speculation by clarifying that outgoing transfers from foundation wallets were payments to researchers and developers rather than personal sales.

Market Conditions and Broader Context

These recent activities come as Ethereum experiences declining prices. Leveraged traders have been unwinding positions, adding sell pressure across the market. Bitwise chief investment officer Matt Hougan described the period as a full blown crypto winter, though he suggested the downturn may be closer to its end than its beginning. At the same time Buterin has voiced concerns about the role of certain layer two networks, arguing that the original vision of Ethereum’s scaling approach needs rethinking.

CoinLaw’s Takeaway

In my experience these events show that founder sales rarely reflect panic. I found that Buterin’s actions look more like a strategic rebalancing of long term commitments while continuing to fund essential research. Ethereum has matured far beyond the point where a founder’s wallet movement threatens confidence. What matters most is the continued transparency and the clear focus on strengthening open and verifiable technology, even during a difficult market cycle. To me this signals conviction rather than concern.

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