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Why Is Vitalik Buterin Selling Ethereum (ETH)?

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Ethereum (ETH) Price Performance

Ethereum co-founder Vitalik Buterin has recently offloaded a small portion of his ETH holdings, selling just over 700 coins in a series of on-chain transactions.

The sales were tracked by blockchain analytics platforms. They appear to align with a previously disclosed plan to fund long-term initiatives, rather than a market-driven liquidation.

Vitalik Buterin Sells Over 700 ETH in Planned Funding Move

Lookonchain reported that Buterin sold 211.84 ETH for approximately 500,000 USDC. He transferred the full amount to Kanro, a philanthropic entity established by the Ethereum co-founder. Kanro supports research and initiatives focused on combating infectious diseases, particularly after the COVID-19 pandemic.

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Buterin has a track record of channeling crypto asset sales into charitable causes. In January 2025, he sold 28 different meme coins worth approximately 984,000 USDC. The executive directed the proceeds to Kanro, reinforcing his long-standing commitment to philanthropy.

Following the initial ETH sale, Buterin continued selling. Lookonchain highlighted that he offloaded another 493 ETH. Together, these actions brought the total to 704.84 ETH, worth approximately $1.63 million at current market prices.

The sales are not a total surprise. In a post published last week on X (formerly Twitter), Buterin said he had withdrawn 16,384 ETH to be deployed toward long-term goals over the next few years.

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“In these five years, the Ethereum Foundation is entering a period of mild austerity,” he stated.”To this end, my own share of the austerity is that I am personally taking on responsibilities that might in another time have been ‘special projects’ of the EF.”

He explained that the funds would support the development of open-source, secure, and verifiable software and hardware across areas such as finance, communications, governance, operating systems, secure hardware, and biotech, including both personal and public health. Buterin also noted that he is exploring secure decentralized staking options to generate additional funding over time.

“The Ethereum Foundation will continue with a steadfast focus on developing Ethereum, with that goal in mind. ‘Ethereum everywhere’ is nice, but the primary priority is ‘Ethereum for people who need it,’ Not corposlop, but self-sovereignty, and the baseline infrastructure that enables cooperation without domination,” Buterin added.

According to the latest data from Arkham, Buterin still holds 235,268 ETH worth approximately $549.2 million, alongside smaller allocations in WETH and aETHwETH. His overall portfolio is valued at more than $569 million, down from over $800 million amid broader market headwinds that have pushed asset prices lower.

Meanwhile, Buterin’s ETH sales appeared to have little to no immediate impact on the asset’s market performance. Ethereum, the second-largest cryptocurrency by market capitalization, continued to move in line with the broader market, which has shown signs of recovery.

Ethereum (ETH) Price Performance
Ethereum (ETH) Price Performance. Source: BeInCrypto Markets

According to BeInCrypto Markets data, ETH gained approximately 5% over the past 24 hours. At the time of writing, it was trading at $2,312.6.

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Crypto World

Why Cardano Investors Are Moving Assets to Self-Custody Now

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ADA Price


“Currently, a 10 billion market cap, this thing is not even worth $1 billion,” one X user argued.

The latest cryptocurrency market crash was brutal, sending Cardano’s ADA to multi-month lows.

Some analysts believe the storm may not be over, warning the price could nosedive by as much as 75% in the short term.

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The Bad Days for the Bulls Aren’t Over?

Several hours ago, ADA plunged to 0.27, the lowest level since August 2024. Currently, it trades at around $0.29 (per CoinGecko’s data), representing a 15% decline on a weekly scale.

ADA Price
ADA Price, Source: CoinGecko

The well-known analyst DrBullZeus claimed that the asset is now nearing “a must hold support zone” at the range of $0.24-$0.28. He thinks that breaking below that level could result in a price crash to $0.125 and even $0.075.

The popular trader Matthew Dixon also chipped in. He suggested that “technically speaking,” ADA has retraced in three waves since the local top seen towards the end of 2024. He outlined $0.24 as a “very important long-term support,” predicting that as long as it holds, the price could rebound.

“A break of support would be a serious concern,” he alerted.

Prior to that, Harmonic Trader predicted that in six months, ADA might trade under $0.10. “Currently, a 10 billion market cap, this thing is not even worth $1 billion,” they argued.

Time to Rally?

Despite ADA’s recent price decline, some other analysts remain optimistic that a resurgence could be on the way. One of them, using the X nickname “Lucky,” asked their almost two million followers whether they plan to increase their exposure to the token at current rates. The analyst also envisioned a potential pump to nearly $1 in the near future.

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LaPetite is also bullish. Several days ago, he forecasted that ADA is about to go “parabolic,” claiming that “huge announcements” concerning Cardano are coming soon.

The recent exchange netflows signal that a rebound could indeed be on the horizon. Data provided by CoinGlass shows that over the past days and weeks, outflows have significantly outpaced inflows. This means investors have been shifting from centralized platforms to self-custody, which in turn reduces immediate selling pressure.

ADA Exchange Netflow
ADA Exchange Netflow, Source: CoinGlass
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Aave Shutters Avara Brand and Family Crypto Wallet

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Aave Shutters Avara Brand and Family Crypto Wallet

Aave Labs says it is sunsetting its “umbrella brand” Avara in the company’s latest move to refocus on decentralized finance and simplify its branding.

Aave founder and CEO Stani Kulechov posted to X on Tuesday that Avara, a company encompassing projects including the Family crypto wallet and previously the social media platform Lens, “is no longer required as we go all in on bringing Aave to the masses.”

Kulechov said the Apple iOS-based Family crypto wallet was also being wound down as the team has “learned that onboarding millions of users requires purpose-built experiences, such as savings, rather than generic, open-ended wallet experiences.”

The move marks Aave’s latest effort to refocus on products such as its flagship lending protocol as the project handed stewardship of Lens to the Mask Network last month, with Kulechov saying Aave’s role in the protocol would be reduced to an advisory role so it can focus on DeFi.

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Source: Stani Kulechov

Kulechov said in his latest post that Aave was “now united as one team of world-class designers, engineers, and smart contract experts, aligned around a single mission: bringing DeFi to everyone.”

All future projects under Aave Labs

Avara said in a blog post that “all current and future products, including the Aave App, Aave Pro, and Aave Kit, will operate under Aave Labs” to simplify the brand.

It added that accounts linked to the Family wallets “will continue as core infrastructure within Aave Labs products,” but the iOS app would be wound down over the next year.

No new users will be onboarded to the app from April 1, and existing users can continue using the app until April 1, 2027, and will continue to have full access to their funds on Aave’s website.

Related: There is no trust in DeFi without proper risk management

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Aave is the biggest DeFi protocol with $30 billion in total value locked, nearly $9 billion more than the next largest project, the staking protocol Lido, which has $21.7 billion in value locked, according to DefiLlama.