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Ethereum co-founder Vitalik Buterin once again drew attention to the selling side with his transactions today.
According to on-chain data, Buterin sold a total of 428.57 $ETH, acquiring approximately $850,178 worth of stablecoin $GHO. The transactions appear to have been conducted via the decentralized exchange protocol CoW Protocol.
With this latest sale, it is estimated that Buterin has sold a total of 7,386 $ETH since February 2nd, for approximately $15.51 million, at an average price of $2,100. This data indicates that the founder has been making sales at regular intervals in recent weeks.
On-chain records show that the transactions were made through a Gnosis Safe Proxy wallet belonging to Buterin. Some of the $ETH was first converted to WETH, and then swapped to $GHO. $GHO is known as a collateralized stablecoin issued by the Aave ecosystem.
The data also shows a movement of approximately 3,500 WETH (approximately $6.9 million). This transfer appears to be linked to assets withdrawn from an aEthWETH position on Aave V3 and transferred to the wallet. However, it is unclear whether this transaction was a direct sale or position management.
According to Arkham data, the total value of assets attributed to Vitalik Buterin across 10 different addresses is approximately $468 million.
*This is not investment advice.
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