On-Chain Monitoring Platform Lookonchain has discovered that vitalik.eth has recently made multiple Ethereum transfers. Data shows that within three days, he sold a total of 2,961.5 ETH in batches, which was approximately $6.6 million at the time. The related transactions were completed through the CoW protocol, executed in small amounts multiple times, and the on-chain settlement process was verified by Arkham. No traces of hidden routing or mixer operations were found.
From a historical perspective, this is not a temporary action. Vitalik has previously publicly stated that he would gradually transfer some ETH for long-term plans. Recently, he also transferred 16,384 ETH, worth over $43 million, some of which was used for his Kanro organization to support biotech research, open-source security, and public welfare projects. His past operations have always been carried out in a slow, planned manner, with no signs of abrupt liquidation.
Nevertheless, the news still caused brief emotional fluctuations on social media. The “sell-off” label spread quickly, and some traders overreacted. However, in reality, Ethereum’s price had already experienced a significant correction due to macroeconomic pressures, and these transfers are more about riding the trend rather than being a direct cause of the decline. Compared to Ethereum’s daily liquidity of billions of dollars, this scale of selling has limited market impact.
More importantly, the fundamentals of Ethereum have not changed. Network activity, development progress, and the adoption rate of layer 2 scaling solutions continue to improve. Vitalik also continues to invest resources into ecosystem development and cutting-edge research. For long-term participants, these on-chain actions are more about fund allocation rather than a negation of the network’s prospects. Short-term fluctuations will eventually pass; the accumulation of technology and applications is the key to determining value.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
If ETH Breaks Below $2,211, Major CEX Long Liquidations Could Hit $1.047 Billion
Coinglass data warn that ETH near $2,211 or $2,441 could trigger large liquidations on major CEXs: long liquidations up to $1.047B if it falls, or short liquidations up to $944M if it rises.
GateNews1h ago
ETH and Altcoins Could See Parabolic Surge Upon Following Bullish Russell 2000 ATH Path
ETH and altcoins coils see parabolic surge upon following a bullish indicators.
The Russell 2000 just set a new ATH at 2,798 for the first time.
This new ATH indicator is a bullish signal for altcoins.
The crypto community is pleased to see that both BTC and ETH are trading at higher
CryptoNewsLand2h ago
Bitmine’s weekly net accumulation exceeds 100k ETH, moving even closer to the “5% of total Ethereum supply” target
Bitmine increases its weekly holdings by 101,627 ETH, bringing its total holdings to nearly 5 million ETH. This article breaks down the logic behind institutional-grade ETH accumulation of staking returns, the trend toward institutionalization, and its impact on Ethereum’s supply structure.
GateInstantTrends2h ago
Arbitrum Security Council Freezes 30,766 ETH From KelpDAO Exploit, 9 of 12 Members Vote in Favor
Arbitrum froze 30,766 ETH from the KelpDAO hack, worked with law enforcement, and recovered about a quarter of assets, while locking funds pending governance amid decentralization versus security debates.
Abstract: This article reports that the Arbitrum Security Council froze 30,766 ETH (about $70 million) tied to the KelpDAO exploit, with nine of twelve votes, and moved funds to a secure wallet in coordination with law enforcement. The operation targeted only affected assets to minimize network disruption. The exploiter is suspected to be DPRK-associated. The breach began April 18 via a LayerZero-powered bridge, draining 116,500 rsETH (~$292 million). About a quarter of stolen assets have been recovered. The frozen funds will remain locked until governance and legal authorities decide the next steps, prompting debate over decentralization versus security.
GateNews3h ago
Tether Issues 2B USDT on Ethereum in 3 Days
Gate News message, April 21 — According to Lookonchain monitoring, Tether issued 2 billion USDT on Ethereum over the past 3 days.
GateNews3h ago
OCBC Launches GOLDX Tokenized Gold Fund on Ethereum and Solana
OCBC launches GOLDX, a tokenized physical gold fund on Ethereum and Solana with Lion Global Investors and DigiFT, targeting institutions and Web3 participants; tokenized RWAs reach $29B on chains.
OCBC, with Lion Global Investors and DigiFT, introduced GOLDX, a tokenized version of the LionGlobal Singapore Physical Gold Fund on Ethereum and Solana. The product targets institutional investors and high‑net‑worth individuals, allowing purchases with stablecoins or fiat and delivery to blockchain wallets, providing on‑chain exposure to about $525 million in gold assets. OCBC views GOLDX as a milestone linking traditional finance with the decentralized finance ecosystem to attract Web3 participants. The broader context shows rapid growth in tokenized real‑world assets, with RWAs on public blockchains exceeding $29 billion by mid‑April 2026, while gold prices traded in a tight range around $4,775–$4,831 per ounce.
GateNews3h ago
