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Timeline of Vitalik’s $ETH sell-offs in August 2024

▪️ August 5, 2024: Vitalik Buterin moved 3,000 ETH ( approx $7 million) to his primary wallet, “vitalik.eth”. This large transfer raised eyebrows in the crypto community.

▪️ August 9, 2024: He transferred another 3,000 ETH (approx $8 million) to a multisig wallet. Vitalik has confirmed that it was for potential donations.

▪️ August 15, 2024: Vitalik deposited 200 ETH (approx $530,000) to Kraken. The market reacted sharply, with ETH prices dropping by nearly 10%.

▪️ August 19, 2024: He moved 400 ETH ( approx $1.05 million) to the privacy-focused mixer Railgun, continuing his pattern of large transfers.

▪️ August 23, 2024: The Ethereum Foundation transferred 35,000 ETH (approx $94 million) to Kraken. This was the Foundation’s largest transfer of the year, causing further market speculation.

▪️ August 30, 2024: Another 3,000 ETH was moved by Buterin to a multisig wallet, continuing the trend of significant transfers throughout the month.

▪️ August 31, 2024: The latest transfer of 800 ETH to a multisig wallet, followed by a swap of 190 ETH for 477K USDC.