TL;DR:
- Vitalik Buterin has liquidated over 3,100 ETH, valued at $6.1 million, using the CoW Swap exchange.
- The funds are designated for Ethereum Foundation initiatives under a new “mild austerity” policy.
- The price of Ethereum has fallen below $1,900, accumulating a 36% decline over the past month.
Vitalik Buterin executed new ETH sales through the decentralized protocol CoW Swap, capturing the attention of on-chain analysts. Data from Arkham Intelligence reveals that these operations exceed 3,100 ETH, joining a liquidation trend that began weeks ago.
Buterin’s financial operation is not coincidental, as he had previously anticipated the transfer of $44.7 million in digital assets. His goal is to guarantee the operational sustainability of the network while the Ethereum Foundation undergoes a strategic period of economic readjustment.
Although his personal holdings still exceed 224,000 ETH, the frequency of these transactions has sparked debate within the crypto community. Therefore, many investors are closely monitoring these wallets fearing prolonged selling pressure in the market.
The Impact of Austerity and the Future of the Ethereum Ecosystem
The Ethereum Foundation has entered an austerity phase to ensure its ability to fund the long-term roadmap. In this way, Buterin’s constant selling operations act as vital support to protect the protocol’s core mission and its scalability goals.
However, the timing of these sales coincides with a negative streak for the asset’s price, which has retreated 4% in the last 24 hours. Currently, the asset is trading below $1,900, sitting more than 60% below its all-time high reached in August.
In summary, while prediction markets suggest a 73% probability that the price will drop to $1,500, Buterin prefers to focus on technical development. His recent call for a “new plan” for the mainnet and Layer 2 solutions reinforces his commitment to a more robust and censorship-resistant ecosystem.
