Ethereum Founder Vitalik Buterin Dumps $6.6 Million Worth of ETH
The cryptocurrency market is trading in the red this week after Bitcoin plunged to the $70,000 level. The price dip is making industry’s bigwigs jump ship and book profits before a major crash occurs. On the heels of the downturn, Ethereum founder Vitalik Buterin dumped $6.6 million worth of ETH at an average price of $2,228. Buterin dumped a total of 2,961.5 Ethereum from his wallet, according to the data published by Lookonchain. “Selling is still going on,” wrote the on-chain metrics firm on X. This means that the Ethereum founder is not done dumping ETH and is continuing the selling. Therefore, ETH has more chances of heading south as the bigwigs and other whales are taking profits. “Vitalik.eth (VitalikButerin) is dumping ETH fast!” wrote Lookonchain. “Over the past 3 days, Vitalik has sold 2,961.5 ETH($6.6 million) at an average price of $2,228, and the selling is still ongoing.” The sell-off came at a time when Ethereum was losing tech...