The recent ETH sales by Vitalik Buterin, one of the founders of Ethereum, were met with remarkable activity in the cryptocurrency market. It was reported that approximately 493 Ethereum (approximately $1.16 million) were disposed of from the account thought to be linked to Buterin’s personal wallet. This development took place at a time when the Ethereum price fell into a sensitive area.
Details of Buterin’s ETH Sales and Transfers
The biotechnology foundation named Kanro, which was founded in 2023 and conducts research on COVID and possible future pandemics, is also an organization founded by Vitalik Buterin. In the hours following the last sale, $500 thousand USDC was transferred to Kanro from the wallet stated to belong to Buterin.
On-chain analysis platform Lookonchain, while sharing the details of the transactions in question, stated that Buterin has recently moved larger amounts of ETH. The recent transfer of a total of 16,384 Ethereum to different addresses has become one of the remarkable developments in the sector. Followers and some analysts suggested that such large transfers were made to support the Ethereum ecosystem.
Market Reactions and Expert Opinions
Vitalik Buterin has recently been making various statements regarding the future of Ethereum. In a statement on the subject,
“We want to continue the aggressive roadmap for Ethereum to be a world computer that is both robust and sustainable.”
He was reported to have stated:
Some experts say such sales often cause concern on the part of investors. If an Ethereum community member comments on market conditions,
“All indicators on Ethereum are at record levels. TVL, transactions, active users, they are all at their peak. When will the price adjust?”
he said.
Price Performance and Technical Levels
Ethereum price started trading in the critical support zone between $2,100 and $2,300. Historically, this level is considered a strong support point for Ethereum. It is known that the rise, which started from here in June 2025, reached record levels shortly thereafter.
On the other hand, in the February-May 2025 period, the ETH price fell below this band and dropped to $ 1,400. Although there was a subsequent recovery, current market conditions are described as more fragile. Experts; It indicates that increasing negative weather, geopolitical risks and long-standing price declines increase the risk of breaking the level.
Market players claim that the recent declines are due to liquidation pressure rather than investors losing confidence in the project. Sharing this view, trader Axel Bitblaze commented on the selling wave in Ethereum as follows:
“This is not a normal sell-off. It was clearly a forced closing of a position due to liquidity. Indicators such as the RSI only reach this level in turbulent periods.”
Bitblaze also stated that Ethereum has generally stabilized in this region after similar moves in the past.
“Usually the damage has already occurred, the price moves sideways; from now on, it is a matter of time.”
he said.
As a result, Ethereum’s price movements above the critical level are closely monitored. While large transactions and transfers cause concern, some analysts think that the market can remain at a healthy point in the long term.
