Ethereum rallied over the past two days as on-chain trackers flagged another sell-off tied to Vitalik Buterin’s wallets, reviving a familiar narrative for traders: a founder-linked distribution showing and local weakness.
Ethereum Pullback Accompanies Vitalik’s New Sales
Lookonchain said that Buterin sold 1,869 ETH (about $3.67 million) in the past two days, a window in which ETH dropped from $1,988 to $1,875, a decrease of 5.7% based on the statistics mentioned in the post. The account posted the move as an acceleration: “vitalik.eth(@VitalikButerin) is selling ETH fast again. In the last 2 days, he sold 1,869 ETH($3.67M). During that time, ETH dropped from $1,988 to $1,875, down 5.7%.
The sharp edge of the series was the historical comparison. Lookonchain pointed to a previous episode where it said Buterin sold 6,958 ETH (about $14.78 million) and ETH later dropped from $2,360 to $1,825, a 22.7% drop. “The last time you sold 6,958 ETH ($14.78M), $ ETH dropped from $ 2,360 to $ 1,825 – a fall of 22.7%,” the post added, linking to Arkham’s business page attributed to Buterin.
Comparison does not prove causation, but it is exactly the kind of pattern matching that can be important at the edge of a market aimed at trade flow. Founder’s wallets are highly regarded, and any hint of renewed supply can be a focal point for a stop—especially if the price is already declining.
Lookonchain’s previous post dated February 22 described succession as returning to work after a hiatus. “After a two-week break, vitalik.eth(@VitalikButerin) is selling ETH again! 8 hours ago, he withdrew 3,500 ETH ($6.95M) from Aave to sell. So far, he has already sold 571 ETH ($1.13M),” the account wrote.
That detail is important because it positions the sale as a deliberate delay rather than a move between wallets. Pulling ETH from Aave, then selling shares, is the kind of breadcrumb traders are looking for when trying to separate “wallet maintenance” from direct distribution.
Posted on Feb. 22 also sits on top of another Lookonchain note dated Feb. 5, which described the sale going on for several days. “vitalik.eth(@VitalikButerin) is dropping ETH fast!” said, adding: “In the last 3 days, Vitalik has sold 2,961.5 $ETH($6.6M) at an average price of $2,228 – and the sale is still going on.”
In marketing, the immediate question is whether this remains a content-driven, trackable flow or whether it becomes the kind of repetitive headline that drains money and sentiment by sitting on tape. If an additional point of sale is connected to the wallet, traders will end up evaluating the pressure of “history repeating itself” to account for the price, rather than considering that the sale is the only driver.
At press time, Ethereum traded at $1,884.
The featured image was created with DALL.E, a chart from TradingView.com
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