Ethereum slipped over the past two days as on-chain trackers flagged another burst of selling tied to Vitalik Buterin’s wallets, reviving a familiar narrative for traders: founder-linked distribution showing up alongside spot weakness.
Ethereum Pullback Coincides With Fresh Vitalik Sales
The comparison does not prove causation, but it’s exactly the kind of pattern-matching that can matter at the margin in a market primed to trade flows. Founder wallets are heavily monitored, and any hint of renewed supply can become a focal point for positioning—especially when price is already drifting lower.
Lookonchain’s earlier post dated Feb. 22 described the sequence as a return to activity after a pause. “After a two-week break, vitalik.eth(@VitalikButerin) is selling ETH again! 8 hours ago, he withdrew 3,500 ETH($6.95M) from Aave to sell. So far, he has already sold 571 ETH($1.13M),” the account wrote.
That detail matters because it frames the selling as an intentional unwind rather than passive movement between wallets. Pulling ETH from Aave, then selling portions, is the sort of breadcrumb traders look for when trying to distinguish “wallet housekeeping” from outright distribution.
The Feb. 22 posts also land on top of another Lookonchain note from Feb. 5, which described sustained selling over multiple days. “vitalik.eth(@VitalikButerin) is dumping ETH fast!” it said, adding: “Over the past 3 days, Vitalik has sold 2,961.5 $ETH($6.6M) at an average price of $2,228 — and the selling is still ongoing.”
At press time, Ethereum traded at $1,884.
