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Vitalik Buterin has been moving Ether into stablecoins again. According to on-chain data, wallets linked to him carried out a series of swaps on CoW Swap, sending more than 3,100 ETH into stable assets in recent days.
Reports from Arkham Intelligence flagged the activity, which lowered his visible balance to just above 224,000 ETH — still a very large holding.
Latest Moves And What They Mean
The numbers deserve context. A $6 million set of sales is small compared with a multi-hundred-million-dollar stake. Some of the transfers were public and routine.
Reports say parts of earlier moves — about $29 million worth — had clear funding purposes. At least $2.3 million of that was used to back projects tied to the foundation’s work. That is a normal use of a treasury when teams need cash for development and grants.
Funding And Foundation Plans
The sale sequence also fits into a broader plan that was mentioned publicly weeks ago. Buterin signaled that roughly $44.7 million might be offloaded over time while the Ethereum Foundation tightens spending and adopts a more frugal stance.
That mild austerity is meant to stretch funds and keep core programs running. Moving assets into stablecoins can be a defensive step: it reduces exposure to price swings while preserving buying power for future spending.
Market Reaction And Price Pressure
Still, markets are fragile. ETH has fallen, trading under $1,900 and hitting two-week lows in the recent session. The token is down sharply over the past month, and that drop amplifies any news about big holders selling.
Prediction markets even assign a high chance that ETH falls to $1,500 before climbing back to $3,000. Traders react to signals; founder moves are a signal. That does not automatically mean the founder is abandoning the project, but it does feed short-term anxiety.
Roadmap Talk And Longer View
Beyond the cash moves, Buterin has been outspoken about technical direction. He argued the mainnet needs a rethink of how it works with layer-two rollups, and he backed an upgrade aimed at strengthening censorship resistance.
Featured image from Unsplash, chart from TradingView
They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.
Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).
Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling – right up his alley!
So, he landed a killer gig at NewsBTC, where he’s one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).
Think Christian’s all work and no play? Not a chance! When he’s not at his computer, you’ll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.
Speaking of chill, Christian’s got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.
Here’s the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day – and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.
Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors – and bosses – he deeply respects.
So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
