Vitalik Buterin sold more than $3.35 million worth of ETH

Spot On Chain on X: "Wallet “0x556,” associated with @VitalikButerin, deposited the last 649 $ETH ($1.72M) to #Paxos ~20 hours ago. Notably, on Sep 19, wallet “0x556” received 1,300 $ETH ($3.21M) from wallet “0xd04,” which got funded with 70K $ETH by Vitalik Buterin in 2022. 

Vitalik Buterin has continued to sell his Ethereum holdings, with recent transactions including the sale of 1,300 ETH worth $3.35 million and 649 ETH worth $1.72 million.

These sales have sparked discussions and concerns among market participants about their potential impact on Ethereum’s price3. Despite these sales, Buterin has clarified that his transactions are aimed at supporting various projects within the Ethereum ecosystem and broader charitable efforts.