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
ETH drops 1.11% in 15 minutes: Large-holder funds cluster into exchanges, triggering sell pressure to take the lead
Between 13:30 and 13:45 (UTC) on 2026-04-08, the ETH price fell from 2265.79 USDT to 2234.72 USDT within 15 minutes, with a range of 1.37%. The candlestick return rate was -1.11%. The unusual downside move drew widespread attention from the market. Short-term volatility was significantly higher than in the surrounding periods, reflecting that trading sentiment was disrupted and driven by sudden dominant factors, and liquidity risk intensified.
The main driving force behind this anomaly was a large-scale, synchronized transfer of whale funds into trading platforms. On-chain data shows four transfers with each amount exceeding 10k ETH, and exchange inflows
GateNews7m ago
BlackRock transferred 8,513 ETH and about 417 BTC to a certain CEX, with a total value of approximately $49 million
Gate News, on April 8, according to data monitored by Arkham, about an hour ago, BlackRock transferred 8,513 ETH worth $19.14 million to a certain CEX address via its Ethereum exchange-traded fund ETHA; additionally, it transferred 416.654 BTC worth $29.86 million to a certain CEX address via its Bitcoin exchange-traded fund IBIT.
GateNews1h ago
An Ethereum researcher proposes the EIP-8142 proposal, aiming to reduce the data burden on validators
An Ethereum researcher proposed the EIP-8142 “Block-in-Blobs” proposal, aiming to encode transaction data into blobs to reduce bandwidth requirements. Through data availability sampling and cryptographic commitments, it ensures correctness and data availability, thereby unifying to a “data gas” billing model and improving the reliability of zkEVM use cases.
GateNews1h ago
Crypto Expert Proclaims Pioneer Altcoin Ethereum (ETH) Will 3x – 4x in the Next 6 Months
Crypto expert proclaims pioneer altcoin Ethereum (ETH) will 3x – 4x.
This surge is expected to occur by the next 6 months.
This falls in line with the many bullish expectations for ETH to hit new ATHs this year.
The price of the pioneer crypto asset Bitcoin (BTC) just experienced a surg
CryptoNewsLand2h ago
