Vitalik Buterin increases sales of ETH as price falls below $2K

Vitalik Buterin sold over 6,100 ETH as prices fell below $2,000, adding to the heavy whale-induced selling pressure.

Ethereum co-founder Vitalik Buterin has sold thousands of ETH in recent days as the token fell below $2,000, according to on-chain data shared by Lookonchain.

The selling came amid a broader wave of deleveraging by major companies, which pushed ETH to a multi-month low and further intensified the already heavy selling pressure on the market.

ETH sales coincide with heavy on-chain distribution

On February 5, Lookonchain reported that wallets had been linked to the blockchain developer sold 2,961 ETH worth about $6.6 million over three days at an average price of almost $2,228. Less than 24 hours later the analytics account said total sales over the same three-day period had increased to 6,183 ETH, or approximately $13.2 million, with the average exit price closer to $2,140, ​​while ETH continued to decline.

Some of the proceeds were quickly redirected, with Buterin transferring approximately $500,000, which he earned from selling 212 ETH on February 2, to Kanro, a philanthropic initiative related to open source biomedical research.

Kanro Fund confirmed the transfer on the same day and said the funds will be used to support projects to combat airborne diseases and pandemic-related projects. The group also pointed out that Ethereum stalwarts have been funding similar efforts for nearly three years, including a $20 million personal contribution. made in October 2025.

Buterin has publicly discussed his broader plans, saying in a recent post on He framed the move as part of a period of tighter spending at the Ethereum Foundation.

Whale settings and repositioning

ETH’s price has seen serious action in recent days, falling well below the $2,100 level that many traders considered a key support area, and underperforming against Bitcoin as risk appetite for altcoins declined.

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At the time of writing, the world’s second-largest cryptocurrency was trading around $1,900, having lost around 7% in the past 24 hours and more than 30% in the past week. Data from the chain shows that the pressure is not limited to private traders. A February 5 CryptoQuant report shows that US investors have sold ETH at a discount, pushing the Coinbase Premium Index to its lowest level since July 2022. That pattern points to institutional de-risking during the current correction.

According to Lookonchain, other large holders have also been active. The company reported on February 6 that Trend Research sold more than 170,000 ETH in less than 10 hours to refund loans, while Aave founder Stani Kulechov sold about 4,500 ETH, almost $1,900.

At the same time, some entities went the other way, with serial crypto investors, 7 siblings, buy 9,000 ETH for just under $2,000 each when prices dropped.