Vitalik Buterin, Ethereum's co-founder, has recently sold over 1,300 ETH (approximately $3.35 million) in the past 11 days. According to on-chain data by Spot On Chain, Buterin’s wallet, “0x556,” moved 649 ETH to Paxos, a copyright exchange. This is part of a broader series of ETH sales as Buterin continues to reduce his Ethereum holdings. Meanwhile, despite Buterin's sell-off, Ethereum whales and institutions are accumulating, showing confidence in ETH’s long-term potential.

Read the full blog here: Buterin Shifts 649 ETH to Paxos as Ethereum Faces Resistance