Recently, it has been noticed that Vitalik Buterin is once again reducing his Ethereum holdings, and this move has indeed attracted a lot of attention. According to on-chain data tracking, Vitalik has been gradually withdrawing ETH from lending protocols and selling it in batches. Just this month alone, he has sold over 8,000 ETH, which amounts to a significant sum in USD.

The market is also under pressure, with ETH dropping over 4% this week. The current price is around the $2,000 level, compared to the nearly $5,000 high reached in August last year, the decline is quite noticeable. Speaking of which, Vitalik previously announced that he would sell over 16,000 ETH in batches, mainly to fund Ethereum ecosystem development and open-source projects. Since the foundation is also cutting costs, he is personally providing additional funds to fill the gap.

Interestingly, these tokens that Vitalik is offloading are being heavily bought by many large investors and institutions, such as the founder of ShapeShift and some crypto service providers. Although the short-term price is under pressure, the flow of funds within the ecosystem is actually continuing.