Ethereum founder Vitalik Buterin moved 1,009 ETH, worth approximately $2.94 million, between his personal wallets, according to data from on-chain analytics platforms Lookonchain and Arkham Intelligence. The transaction, which occurred on November 26, 2025, involved transfers from one wallet to another within Buterin's control, with no direct movement to cryptocurrency exchanges.
This activity has ignited concerns among traders about potential sell-offs, as large transfers by prominent figures like Buterin often influence market sentiment. Historically, movements to exchanges can signal impending sales, but in this case, the funds remained in private wallets, leading to speculation that Buterin might be reorganizing his portfolio for future actions.
Meanwhile, Ethereum's market performance shows mixed signals. At the time of reporting, ETH traded at $2,912.38, reflecting a 0.6% increase in 24 hours, but it faced rejection after hitting an intraday peak of $2,981.31. Trading volume declined by 21.56% to $21.8 billion, contributing to a 5.71% weekly loss and a 30% drop over the past month.
In a broader context, institutional player BlackRock deposited 36,283 ETH into Coinbase Prime on November 24, adding to selling pressure discussions. Despite these bearish indicators, some analysts maintain a bullish long-term outlook for Ethereum, anticipating a potential rebound to all-time highs.
