Lately, the hashtag #VitalikSellsETH has been widely discussed on social media and in Gate Square. Ethereum co-founder Vitalik Buterin's wallet activity has once again caused brief unease in the market. However, looking at on-chain data and reliable sources, the situation isn't as dramatic as it seems.

🔥 Vitalik has sold approximately 700–1,441 ETH in the last 2–3 days (a total of around 1.6–3.3 million USD).
A significant portion of this was channeled to Kanro, the biotechnology & charity he founded (e.g., 211.84 ETH → 500,000 USDC directly to Kanro).
Another portion was done via stablecoin conversion (USDC, GHO).
A larger movement: Last week, 14,000 ETH (~29 million USD) was moved from one wallet to another, and some was converted to wETH.
Vitalik's known ETH balance is still in the ~227,000–240,000 ETH range (approximately 500 million USD).
What do these sales mean? The perception that "Vitalik is giving up on Ethereum" is wrong.
Vitalik has been regularly selling small to medium-sized amounts of ETH for years. Most of these are for charitable purposes, supporting the Ethereum Foundation, personal liquidity, or diversification. The Ethereum Foundation has entered a "mild austerity" period.
Vitalik had previously announced that he would transfer $44.7 million worth of ETH from his own funds to the foundation. Some of the recent moves seem to be part of this plan. Market impact remained limited.
Sales of 700–1,400 ETH are very small considering the total supply and daily volume of ETH. Although there were short-term price fluctuations, no lasting selling pressure occurred.
🔥VitalikSellsETH currently seems more like part of a FUD (fear, uncertainty, doubt) cycle. Vitalik's wallet movements are transparent and generally long-term planned. These sales do not mean that his faith in the Ethereum ecosystem has ended — on the contrary, some of them are used directly to support the ecosystem and charitable causes. What do you think?
#VitalikSellsETH