Despite October being widely considered a bullish month for cryptocurrencies, Ethereum’s price has been experiencing bearish pressure, triggered by a recent market crash. As ETH continues to struggle to regain its upside momentum, Ethereum’s co-founder has reportedly offloaded a massive amount of ETH.

Major Ethereum Sell-Off From Vitalik Buterin

Ethereum’s bearish price action is intensifying, and selling activity at both the retail and institutional levels appears to be increasing simultaneously. Vitalik Buterin, the founder of Ethereum, has joined the ongoing wave of ETH selling spree, dumping a significant amount of the altcoin in a single day.

In the X post shared by crypto enthusiast and DeFi researcher OxNobler, Vitalik Buterin dumped over 160,000 ETH, valued at $650 million, on Tuesday alone. Following the significant ETH sell-off, the ETH founder has sent shockwaves through the cryptocurrency market.

Typically, when this kind of massive dump is carried out, it raises widespread speculation about the motive behind the move and the possible impact on ETH’s price trajectory. Given the general market volatility and the shaky investor a

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Author: Godspower Owie