💦💦Ethereum Co-Founder's Sales Continue: Is ETH Price Under Threat? 💦💦
The movement in Vitalik Buterin's wallet, which has been on the agenda with Ethereum's sales, seems to be continuing. According to on-chain data, Buterin, who transferred 1,300 ETH to centralized exchanges in the last 12 days, has put pressure on ETH investors.
As we previously announced, Vitalik Buterin has sold $3.35 million worth of assets so far, which has caused speculation. Buterin recently announced the "Ethereum Alignment" initiative, stating that he focuses on reducing centralization while supporting public benefit projects. He also draws attention with his articles emphasizing the importance of open source principles aimed at increasing transparency and security across the network.
Ethereum Whales Also Moved
Following Vitalik Buterin's sales, whales began to take advantage of the falling ETH price. Yesterday's data shows that whales accumulated 10,083 ETH worth $26.8 million and are trying to reverse the price trend upwards.
Ethereum, which had a strong performance last week, has experienced a 1.34% correction in the last 24 hours and is currently trading at $2,626.78. Its market value has reached $316 billion.
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