Vitalik Announced Selling Coins in Advance, Why Did the Market Still Panic?
In February 2026, amid a prolonged crypto market downturn and a six-month consecutive decline in Ethereum's price, co-founder Vitalik Buterin sold approximately 19,326 ETH through 532 transactions. This action, which exceeded his initial announcement of selling 16,384 ETH, was executed transparently via a single address and CoW Swap to minimize market impact.
Vitalik had publicly disclosed his plans in late January, explaining that the proceeds would fund public goods and open-source projects, including privacy tech, security hardware, and biotech tools—areas affected by the Ethereum Foundation's budget cuts. He emphasized that the sales were not for personal gain but to support ecosystem sustainability.
Despite the transparency, the larger-than-expected sell-off during a fragile market period intensified fears and selling pressure among investors, potentially exacerbating ETH's decline. The move raised concerns about market confidence, even as Vitalik maintained his commitment to ethical and open financial practices.
比推02/27 15:17
