Vitalik Buterin Sells Over 428 ETH for Stablecoins Amid Continued Liquidation

Vitalik Buterin, co-founder of Ethereum, has recently sold more than 428 ETH, exchanging it for 850,178 GHO stablecoins. According to NS3.AI, this transaction is part of a broader trend, as Buterin has cumulatively sold 7,386 ETH since early February. The sales amount to approximately $15.51 million, with an average price of $2,100 per ETH. This activity underscores a significant movement of ETH by Buterin within a short period, suggesting potential ongoing liquidation.