Vitalik’s ETH Sale Sends Crypto Into a Tailspin – But Is It a Storm or Just a Squall?

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Well now, the Ethereum price has tumbled below its two-week low, and it’s now trading around $1,877, which is a drop of nearly 5.6%. Seems like the market’s got a cold foot, and folks are getting liquidated left and right. Over $115 million in liquidations after it dipped below $1,900? That’s more than a mere drizzle; it’s a monsoon of panic!

This sudden drop has folks clutching their wallets and muttering curses under their breath, as if the devil himself is sitting on their shoulders, whispering, “Sell now or be damned!” Selling pressure’s risin’ from every corner, like a barn dance where everyone’s stompin’ on your toes.

Vitalik Buterin’s Continued Selling of the ETH Token

Vitalik Buterin, the co-founder of Ethereum, has been selling ETH like it’s the last train out of town. In the past two days alone, he offloaded 1,869 ETH-$3.6 million’s worth-and the price promptly nose-dived from $1,988 to below $1,880, a 5.7% plunge that would make a goldfish gasp for air.

This ain’t the first time Buterin’s shenanigans have rocked the boat. Earlier this month, he sold 6,958 ETH for $14.78 million, and the price took a nosedive of 22.7%. Seems like the man’s got a talent for turnin’ investors into nervous wrecks, one transaction at a time.

In total, Buterin’s February sales clock in at 8,800 ETH-$16.53 million at today’s rate of $1,879. Some experts claim it’s just “normal financial planning,” but I reckon they’re just trying to sound fancy while the rest of us are busy wondering if our retirement savings just evaporated.

Ethereum Whales Sell-Off Add Extra Pressure

Well, it’s not Buterin who is selling. The big whales are divvin’ up their ETH like it’s Sunday dinner at the barn. One OG Ethereum investor recently dumped over 14,183 ETH into Coinbase after keepin’ it in the vault for nearly nine years. That’s $42 million worth of patience, gone in a blink.

Apart from that, whale wallets holdin’ between 100,000 and 1 million ETH have unloaded 1.43 million ETH-$2.7 billion in two weeks. That’s enough to buy every loaf of bread in the world and still have change for a decent hat. Major investors are shedding their stakes like it’s the plague, and the price is takin’ it on the chin.

This kind of sell-off is like a pack of wolves howlin’ at the moon-except the moon’s just a chart, and the wolves are wearin’ suits and ties.

Ethereum Price Prediction 

If you squint real hard at the weekly chart, you’ll see the Ethereum price has slithered below them key Fibonacci support levels. If it drops below $1,800, the next stop is $1,573, where there was a hullabaloo of buying before. But if it keeps on truckin’ south, it might hit the $640 zone. That’d be a full-blown market reset, where the weak-kneed jump ship and the big fish start castin’ their nets.

Now, if this happens, it may create a grand ol’ opportunity for long-term accumulation-assuming you’ve got the guts to buy when everyone else is fleeing. Some folks reckon the price could eventually climb back to $10,048. That’s the kind of optimism that makes me want to book a one-way ticket to Mars.

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2026-02-23 11:52