Vitalik Buterin Has Offloaded $7 Million in ETH Holdings as the Price of Ethereum Suffers a Dramatic 30% Plunge

Jakarta, Pintu News – Ethereum (ETH) co-founder Vitalik Buterin is offloading millions of dollars worth of ETH amidst a sharp market downturn.

On February 22, Lookonchain revealed that Buterin withdrew 3,500 ETH-with an estimated value of around $6.95 million-from the DeFi Aave (AAVE) protocol. Just a few hours after the withdrawal, he was observed to have sold 571 of the tokens for $1.13 million.

Buterin’s Sell-Off Occurs Amid Ethereum Oversold Signals

This sudden asset movement highlights the sharp contrast between Buterin’s stated long-term financial strategy and his short-term market actions. On January 30, the 32-year-old developer announced that the Ethereum Foundation was entering a period of “mild austerity” to achieve its targets.

Read also: Ethereum Navigates a Storm as a Sharp 5% Correction Collides with a Retreat in Staking Activity

It attracted 16,384 ETH to support the foundation, with initial plans to strategically deploy the tokens for long-term purposes “over the next few years.” However, execution on the ground proved to be very quick. Since February 2, Buterin has sold over 7,380 ETH worth approximately $15.5 million at an average price of $2,100.

Coupled with today’s transaction, the co-founder has cashed out more than half of his savings reserves in just under a month. This concentrated selling pressure from the network’s most prominent architect comes at a crucial moment for the asset.

ETH has plummeted 30% over the past month and is currently trading just below the psychologicalsupport level of $2,000. Institutional investors and market participants often view large liquidations by founders when the market is down sharply as a bearish indicator, regardless of the stated administrative intent.

Technical Signal Indicates Undervalued Condition

Despite Buterin’s persistent selling pressure, some blockchain intelligence firms argue that the asset is starting to emit oversold technical signals. Data from Santiment shows that ETH’s 30-day Market Value to Realized Value (MVRV) ratio is pointing towards severe technical undervaluation.

Read also: 17 Reasons XRP Price Will Be Bullish According to CryptoBull Analysts

The MVRV metric, which compares the total market capitalization of an asset to its realized value to estimate the average profitability of asset holders, currently puts ETH at a 14.3% deficit.

According to Santiment data, Ethereum is the most aggressively discounted asset among other major cryptocurrencies over the past 30 days. In comparison, Bitcoin shows an undervaluation of 6.9%, Chainlink of 5.1%, XRP of 4.1%, and Cardano of 2%.

Follow us on Google News to stay up to date with the latest in crypto and blockchain technology. Check Bitcoin price, usdt to idr and tokenized nvidia stock price through Pintu Market.

Enjoy an easy and secure crypto trading and crypto gold investment experience by downloading the Pintu crypto app via Play Store or App Store now. Also, experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• BeInCrypto. Vitalik Buterin Sells $7 Million in Ethereum as ETH Price Sinks 30% Accessed on February 23, 2026