Vitalik sells 17K ETH in one month after earmarking $45M for privacy

Arkham data shows the Ethereum co-founder’s attributed wallets fell from about 241,000 ETH to 224,000 ETH this month.

Ethereum co-founder Vitalik Buterin has reduced his Ether balance by about 17,000 ETH in one month after announcing plans to earmark $45 million worth of tokens for privacy projects.

Buterin’s wallets tracked by Arkham held about 241,000 Ether (ETH) in early February, before a series of outflows reduced the combined balance to 224,000 ETH on Tuesday.

The reduction comes amid continued selling by Buterin, including about 2,961 Ether worth $6.6 million over a three-day period earlier in the month. Onchain analysts reported that this accelerated recently as he sold $7 million worth of tokens in the past three days.

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