No worries about Butelik he is fine working on something so you all have to do

#Ethereum sell panic vs reality 🚨

People keep saying “Vitalik is dumping ETH”

Onchain data says the opposite

Here’s what actually happened:

First, Vitalik.

In the last weeks Vitalik moved 17,088 ETH (~$47M).

- 16,384 ETH sent to a multisig used to fund open source projects

- 704 ETH actually sold around $1.6M for charity and operational needs

704 ETH sold.

That’s less than 0.3% of his holdings.

Vitalik still holds 235,000+ ETH.

Now let’s see what Tom Lee and BitMine are buying

January alone:

- Jan 13, 24,266 ETH bought

- Jan 26, 40,302 ETH bought (~$117M)

- Late Jan / early Feb, 41,788 ETH bought (~$110M)

Total recent buys:

117,000+ ETH ~$340M

BitMine now holds:

- 4.28 million ETH
- 3.55% of total ETH supply
- Over 2.3M ETH staked
- Generating ~$160M+ per year in yield

Even more insane:

They’re doing this while having $6.6B unrealized losses.

They’re still buying.

Now compare both flows.

- Vitalik real selling: 704 ETH
- BitMine buying: 117,000 ETH

That’s 60x more ETH being bought than sold.

This is literally:

- founder reinvesting into the ecosystem
- institutions accumulating at scale..
$ETH