Is Co-Founder Vitalik Buterin Offloading ETH Amid Its Sharp Decline?

The cryptocurrency market has experienced a severe downturn in the past week, with Bitcoin and almost all altcoins incurring significant losses. Ethereum's performance has been particularly poor, with a daily drop of 8% and a total drop of 30% since the previous Thursday. Factors such as political tension, economic uncertainty, and the Fed's hawkish interest rate stance may have contributed to the broader market correction. Ethereum's plight might have additional elements such as the withdrawal of funds by ETF investors and the selling off of ETH by co-founder Vitalik Buterin. Over the past three days, Buterin has reportedly sold $6.6 million worth of ETH at an average price of $2,228 per coin. This decline has affected the largest ETH holders, including market leader BitMine, which is currently over $6 billion in the red.