‍# VitalikSells21.7KETH

Ethereum Co-Founder Vitalik Buterin Transfers
$80 Million in ETH to Exchange
On-chain data has revealed a significant transaction
involving Vitalik Buterin's wallet, specifically the transfer of 21,700 ETH
(approx. $80M USD) to Coinbase.
In the crypto markets, large token transfers from
founders often trigger immediate sell-offs due to "insider selling"
fears. However, analyzing Buterin's history provides a different context.
Unlike many figures in the space, Buterin’s large
liquidations have historically been tied to philanthropic efforts—supporting
everything from AI safety research to direct aid in India during the pandemic.
While this creates short-term price volatility, it is a
reminder that the Ethereum network continues to decentralize, and the actions
of a single founder—no longer holding the majority of supply—have less
long-term impact on the protocol's utility than they once did.
Key Takeaway: Look for the destination
of these funds. If they go to a known charity address, the market will likely
recover quickly from the initial FUD.
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