Just noticed Vitalik Buterin quietly offloaded around 17k ETH last month through CoW Protocol - broken into small trades so it didn't tank the price all at once. Dude had pledged the funds back in January for privacy and security work, but the timing was rough with ETH tanking 37% and hitting $1,900. His wallet went from 241k ETH down to 224k over February according to chain data. Interesting part is he's been doing it gradually instead of one big dump, which honestly shows some market awareness. Fast forward to now and ETH has bounced back to $2.24K, so maybe the worst is behind us. Either way, when major holders like Vitalik are moving that much volume, it definitely adds pressure to the narrative. Staking yields are still pretty compressed around 2.8%, so can't blame people for reconsidering their positions.

ETH-2,76%
COW-7,26%
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