Ethereum co-founder Vitalik Buterin has executed several small-scale token sales over the past two days, offloading three altcoins for a total value of approximately $38,000. According to on-chain data, Buterin sold 114,500 Kyber Network Crystal (KNC) for $22,300, 30.57 million STRAYDOG tokens for $10,300, and 1.05 billion MUZZ tokens for $5,600. In return, he received 32,560 USDC and 1.89 ETH.
These transactions represent a minuscule fraction of Buterin's total crypto holdings, which are valued at around $724.6 million. His portfolio remains overwhelmingly concentrated in Ethereum (ETH), with $713.8 million worth of ETH accounting for more than 98% of his assets. Other holdings include Aave V3 Wrapped ETH (AETHWETH) valued at $8.7 million and various experimental tokens like WHITE, MOODENG, TYRANT, TRUE, and REPv2, which collectively represent negligible positions.
Analysts and on-chain observers note that these sales are consistent with Buterin's historical pattern of liquidating low-volume altcoins that are often sent to his wallet by developers seeking visibility. The transactions are viewed as selective liquidity moves rather than indicative of any broader market shift. Buterin's wallet activity frequently includes micro-transfers, some worth just a few dollars, which suggest operational testing or bridge settlements rather than active trading strategies.
Market impact from these sales is considered minimal. Analyst Michaël van de Poppe highlighted that Ethereum's price trajectory shows strength and has likely bottomed, with its movements being more correlated to broader market factors like the Chinese currency than to Buterin's minor disposals. The sales underscore a narrative of influential holders managing peripheral assets while maintaining core positions in major cryptocurrencies like Ethereum.
