Vitalik Buterin, the architect of the Ethereum world, Following its promise to finance open source technology projects, it has been on the agenda with the sale of more than 10 thousand ETH since the beginning of February. Data tracked by Blockchain analysis platforms such as Onchain Lens and Lookonchain, Buterin is approximately 21 years old.It reveals that it has converted $7 million worth of assets into stable cryptocurrencies. Sales traffic that coincided with the period when the cryptocurrency market experienced a sharp withdrawal, It sparked heated debate among investors and community members.
Behind the Scenes of Million Dollar Resource Transfer
Financial moves made by Vitalik Buterin, In fact, it is described as part of a comprehensive vision that he announced on the X platform at the end of January. famous software developer, By removing 16 thousand 384 ETH, worth approximately $45 million, from his personal wallet; trustworthy, He stated that he would use it to establish a verifiable and open source technology ecosystem. finance, communication, The flow of funds will spread to strategic areas such as governance systems and biotechnology, It is shaped by Buterin taking on his share of “austerity” responsibility during a period when the Ethereum Foundation entered a period of austerity.
Looking at the analysis data, Buterin sold a total of 10 thousand 723 ETH in the last three weeks. Especially in the last three-day period until February 24, 3 thousand 765 ETH was transferred to 7,sold for 08 million dollars, It shows that the operation is accelerating. Assets disposed of at an average price level of 2 thousand 27 dollars, Buterin has more than just software, It also funds the goal of creating a “full stack” technology infrastructure that includes secure hardware and operating systems.
Although this fund distribution is planned to be spread over several years, the timing of the sales It is of critical importance for liquidity balances in the market. Statements from Buterin’s side, The capital on hand is not just an outflow for profit, but also that it will be used as fuel for a technological renaissance focused on social benefit. However, in the transparent world where every movement can be tracked within seconds within the Blockchain, It seems impossible for a cash flow of this magnitude not to affect market psychology.
Harsh Price Movements in the Market and Social Reactions
Sales of Ethereum’s founder, It coincided with an unfortunate period when the cryptocurrency market entered a general downward trend. The price of Ether has lost 38% of its value in the last 30 days.It dropped to $825 levels. The asset is 63% below its all-time high of $5,000. With each wave of Buterin selling, he felt downward pressure on the charts. When historical data is examined, It is observed that after Buterin’s previous big transfers, there was a decline in prices of up to 22%.
Users gathered on the social media platform X, are divided against these cash outflows. Some investors, He directs harsh criticism at these sales, which come at a time when prices are already weak, interpreting them as “abandoning the project” or “suppressing the price”. Some users even described Buterin’s attitude as “shameful”. calls for a halt to direct sales. The angry wing of the community, He argues that the timing hurts market morale.
On the other hand, There are also supporters who appreciate Buterin’s policy of transparency and trust his vision. This group He reminds that the plan was announced weeks ago and the aim is to strengthen open source projects that will feed the Ethereum ecosystem. At the center of the discussions, There is a fine line between individual financial freedom and leadership responsibility. 3% that Ether experienced in the last 24 hours,The decrease of 5 points proves that the fragility in the market continues.
