Ethereum Foundation, Vitalik Buterin-Linked Wallets On Selling Spree, ETH Price Drop

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Ethereum Foundation, Vitalik Buterin-Linked Wallets On Selling Spree, ETH Price Drop - CoinGape

Quick Summary:

Ethereum wallets belonging to the Ethereum Foundation and associated with Vitalik Buterin have been on a strong selling spree leading to continuous ETH selling pressure.

Last week, the ETH price dropped to $2,150 before recovering back partially amid the huge sell-off.

This whale had accumulated around 30,500 ETH at an average price of $2,850 between December 18, 2023, and July 31, 2024, and suffered a significant loss of more than $17 million in the liquidation.