Vitalik Buterin Sells 17K ETH Amid Privacy Funding
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Ethereum co-founder Vitalik Buterin has sold approximately 17,000 ETH over the past month, reducing his attributed wallet holdings from 241,000 to 224,000 ETH according to Arkham Intelligence data. This transaction follows his recent announcement earmarking $45 million for privacy-focused projects, suggesting the sale may be strategically linked to funding these initiatives rather than signaling a loss of confidence in Ethereum's long-term prospects.
Market analysts note that while large-scale sales by founders can sometimes trigger bearish sentiment, the transparent rationale behind this move—supporting privacy infrastructure development—may mitigate negative price pressure. The Ethereum ecosystem continues to demonstrate resilience with ongoing network upgrades and growing institutional adoption, though short-term volatility could persist as markets digest this news alongside broader macroeconomic factors.
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