Ethereum co-founder Vitalik Buterin sold 493 ETH for about $1.16 million and transferred part of the proceeds to a biotech charity organization. Analysts from Lookonchain took note of this.
According to Arkham, in the past 24 hours the programmer conducted several transactions:
first sold 211.84 ETH;
then sent USDC worth $500,000 to the Kanro wallet — a charity organization founded by Buterin in 2023 for research in combating COVID-19 and future pandemics.
In January, Ethereum co-founder withdrew 16,384 ETH (about $38.5 million). He directed these funds to support the ecosystem of the second largest cryptocurrency by market capitalization, including the implementation of an "aggressive roadmap" to transform the network into a "productive and scalable global computer" that does not sacrifice reliability, resilience, and decentralization.
Dynamics of Ethereum
The sale occurred against the backdrop of overall market weakness: the price of ETH approached levels last seen in the summer of 2025.
At the time of writing, the leading altcoin is trading around $2200. Over the past week, the asset's price has dropped by more than 20%.
MN Trading founder Michael van de Poppe pointed out the Ethereum to Bitcoin (ETH/BTC) ratio chart. According to the analyst, it currently shows a pattern that was observed before the start of the last bull rally in the market.
MN Trading founder Michael van de Poppe pointed out the Ethereum to Bitcoin (ETH/BTC) ratio chart. According to the analyst, it currently shows a pattern that was observed before the start of the last bull rally in the market.
Such levels were only observed at the bottom in 2018 and 2022, the expert emphasized.
Attractive opportunity
Head of the research division at Fundstrat Tom Lee stated that the correction in Ethereum should be viewed as "an attractive opportunity." The fundamental indicators of the network remain strong.
He linked the price decrease to the lack of leverage and capital outflow into precious metals.
In mid-January, the daily number of transactions in Ethereum reached a record of 2.8 million. The number of daily active addresses broke 1 million.
During the crypto winter periods of 2018 and 2022, activity decreased. This is "the opposite of what we observed in the last 12 months," noted Lee.
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