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
ETH breaks through 2350 USDT
Gate News bot message, the Gate market shows that ETH has broken through 2350 USDT, current price is 2351.81 USDT.
CryptoRadar1h ago
Ethereum Korea Consortium Launches to Build Collaborative Blockchain Ecosystem
The Ethereum Korea Consortium launched on April 16 to shift South Korea's Ethereum focus from consumption to contributions, addressing challenges like market structure and regulatory issues. The initiative aims to enhance development and create a supportive ecosystem.
GateNews2h ago
Traditional Brokerage to Launch Spot Bitcoin and Ethereum Trading in Coming Weeks at 0.75% Fee
A traditional brokerage is set to launch spot cryptocurrency trading for retail clients, offering Bitcoin and Ethereum access. The service will include multiple trading platforms, a 0.75% fee, and additional crypto assets planned for the future, reflecting a trend of traditional finance entering the crypto space.
GateNews2h ago
ETH rises 0.65% in 15 minutes: spot buying led to net capital inflows
Between 2026-04-16 15:00 and 15:15 (UTC), the ETH price recorded a +0.65% return. The highest price in the range was 2330.16 USDT, while the lowest was 2308.58 USDT, with a swing of 0.93%. The short-term rally immediately drew market attention, increasing capital activity; volatility remained moderately elevated, characterized by strengthening spot buying power.
The main driving force behind this unusual move is that buy orders in the spot markets of major trading platforms continued to dominate. Within 15 minutes, the buy volume accounted for 58%–59%, and the total buy volume was about 2.2K–2.6K ETH
GateNews5h ago
Bitcoin, Ethereum and Solana ETFs Record Positive Net Inflows on April 16
Gate News message, according to the April 16 update, Bitcoin ETFs recorded a 1-day net inflow of +2,855 BTC (+$209.95M) and a 7-day net inflow of +11,849 BTC (+$871.52M). Ethereum ETFs showed a 1-day net inflow of +15,477 ETH (+$35.44M) and a 7-day net inflow of +90,366 ETH (+$206.94M). Solana ETFs
GateNews6h ago
Ethereum Foundation Announces ETH Rangers Project Results: Over $5.8M in Recovered or Frozen Assets
The Ethereum Foundation's ETH Rangers project has successfully completed, funding 17 researchers to enhance public security in the ecosystem. Achievements include recovering $5.8M in assets, identifying over 785 vulnerabilities, and developing several security tools.
GateNews6h ago
