Ethereum co-founder Vitalik Buterin has transferred 11,422 ETH over the past month, according to onchain data highlighted by the X account Lookonchain, as ether briefly dipped below $2,000 before recovering later in the session.
Lookonchain linked the transactions to an earlier statement in which Buterin indicated he intended to sell 16,384 ETH, suggesting that roughly 70% of the planned disposals have already been executed.
“His plan was to sell 16,384 ETH,”
Wrote Lookonchain on X, adding:
“About 70% is done. There are still 4,962 ETH ($9.5M) left to sell.”
Data from Arkham Intelligence shows Buterin currently holds 224,105.98 ETH valued at approximately $464 million at prevailing exchange rates, alongside around $25 million in wrapped ether tokens.
Arkham’s records also indicate interactions with a Gnosis Safe wallet, Cow Protocol and the Aave-issued stablecoin GHO, although whether the 11,422 ETH precisely corresponds to the proposed 16,384 ETH sale remains unconfirmed.
The lack of formal clarification has fuelled speculation across social media, where commentary has ranged from measured analysis to outright alarm despite the absence of definitive evidence regarding intent.
For now, the blockchain shows that a substantial portion of ETH has moved while a significantly larger balance remains, leaving the market to interpret transparent onchain data without direct confirmation from Buterin.
At the time of reporting, Ethereum price was $2,083.51.