Vitalik Buterin Offloads 3,700 ETH as Ethereum Price Falls Below $2,000

TLDR

• Buterin sold 3,788.57 ETH worth $7.3M in 72 hours
• Total ETH sales reached 6,183 ETH valued at $13.2M
• Ether trades at $1,872, down 36% over the past month
• Ethereum Foundation staked 2,016 ETH toward 70,000 ETH plan

Ethereum founder Vitalik Buterin has offloaded 3,788.57 ETH worth about $7.3 million in three days. On-chain data shows the sales occurred during a broader crypto market decline. The transactions have drawn attention as Ether trades below $2,000 amid continued volatility.

Ethereum Founder Offloads 3,700 ETH In Just Three Days

On-chain data shows that Vitalik Buterin sold 3,788.57 ETH over three days. The transactions were valued at about $7.3 million. Blockchain analytics firm Lookonchain tracked the activity.

Lookonchain later reported that total sales rose to 6,183 ETH. The combined value reached $13.2 million. The average exit price stood at $2,140 per Ether.

The sales occurred during a period of market weakness. Ether traded at $1,872 at the time of reporting. The asset has faced pressure alongside the wider crypto market.

Ether Price Extends Downtrend Below $2,000

Ether has declined steadily in recent months. The token peaked near $5,000 in late August last year. It later ended 2025 at around $3,000.

In early February, Buterin’s earlier sale coincided with a drop from $2,360 to $1,825. The decline marked a 22.7% decrease. After the latest transactions, Ether fell more than 5% in a single day.

Over the past week, ETH declined by 4.6%. The token dropped 36% over the past month. It remains below the $2,000 level despite brief recoveries.

Analyst Ali Martinez shared a chart showing a bullish flag formation. However, the inverted structure suggested a possible move under $1,400. The analysis circulated widely on social media.

On-Chain Holdings and Institutional Movements

Blockchain intelligence platform Arkham Intelligence monitors Buterin’s addresses. Earlier data showed he held over 240,000 ETH. The holdings were valued at about $467 million before the recent sales.

Meanwhile, BlackRock adjusted its crypto positions. On-chain records showed withdrawals from IBIT and ETHA ETF-linked addresses. Total holdings now stand at about $53.5 billion.

On Feb. 6, BlackRock sold Bitcoin and Ethereum worth $292 million. The sales followed a seven-day period of price declines. The firm had earlier reduced exposure before resuming accumulation.

Ethereum Foundation Shifts to Staking Strategy

The Ethereum Foundation has begun staking part of its treasury. It deposited 2,016 ETH as the first tranche. The foundation plans to stake about 70,000 ETH in total.

All staking rewards will return to the foundation treasury. Funds will support protocol research, ecosystem growth, and community grants. The approach replaces prior treasury sales with validator rewards.

At current prices, the 70,000 ETH commitment equals about $128 million. The Ether will remain locked in validators rather than enter the open market. The move comes as Ethereum trades under sustained market pressure.

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