Vitalik sells ETH again! Withdraws $6.95 million from Aave, drawing attention

Ethereum co-founder Vitalik Buterin’s wallet activity has once again become a market focus. According to on-chain data, after a brief two-week period with no significant selling activity, he resumed ETH sales operations and withdrew a large amount of assets from decentralized lending protocols.

Recent transactions show that Vitalik withdrew 3,500 ETH from Aave, worth approximately $6.95 million, with 571 ETH already sold through CoW Protocol. Although the amount is substantial, relative to his overall holdings, it remains a small adjustment.

Resuming sales after a two-week pause: 3,500 ETH withdrawn from Aave

Vitalik Buterin has again engaged in large on-chain movements. Data shared by blockchain analytics platform Lookonchain indicates that within the past 8 hours, the wallet address marked as vitalik.eth withdrew 3,500 ETH from Aave, valued at about $6.95 million at current prices. Of these, 571 ETH (around $1.13 million) have already been sold via CoW Protocol.

Accumulated sale of 7,386 ETH in early February

In fact, this activity is not an isolated case. Between February 2 and early February, Vitalik sold a total of 7,386 ETH, worth approximately $15.5 million, with an average sale price of about $2,100 per ETH.

At that time, ETH had fallen below the $2,000 mark, and market sentiment was cautious with increased volatility. Vitalik’s continuous selling drew community discussion, with some investors concerned it might signal bearishness.

Still holding about 240,000 ETH, worth approximately $467 million

Despite recent frequent activity, these sales only represent a small portion of his total holdings.

Blockchain intelligence platform Arkham Intelligence estimates that Vitalik currently holds about 240,000 ETH, valued at roughly $467 million at current prices.

Including the sales since early January, the total reduction amounts to about 4% of his holdings. Analysts generally view this as asset allocation and liquidity management rather than a full-scale exit.

Related to charity plans? Fund flows attract attention

In the past, Vitalik has often converted ETH into stablecoins before transferring funds to charitable and research organizations he supports, including Kanro, which focuses on infectious disease research.

Some of the proceeds from early February sales were also converted into stablecoins and directed to related organizations. This has led market observers to believe that this recent fund activity may similarly be related to established charitable commitments or annual expenditure plans.

This article: Vitalik sells ETH again! Withdraws $6.95 million from Aave draws attention was first published on Chain News ABMedia.