Ethereum (ETH) co-founder Vitalik Buterin’s sale of 210 Ether (ETH) worth about $325,000 led to speculation.
According to on-chain data, Vitalik Buterin is a part of personal Ethereum assets. part of sold it. Buterin, on February 15, Ethereum price $1,550 while watching levels 210 ETH by selling USDC worth $325Kcryptocurrency exchange Krakensent to.
There are still about approx. 6,257 ETH worth $10 million exists. Analysts who closely follow the sale process are behind this sale. two strong possibilities suggested it might.
According to the first of these possibilities, Buterin wanted to evaluate the remarkable rise in the volatile cryptocurrency market after a long time. profit sale it could be. Another possibility is Buterin’s investing in a new project or may need funds for a specific purpose, such as to cover expenses. However, it should be kept in mind that these are possibilities and the real reason remains unclear.
On the other hand, this small sale of Buterin did not have a negative effect on the Ethereum price. CoinGecko according to data in the last 24 hours 6.6% rise performance, ETH, at the time of writing the news at $1,683 is being traded.