On-chain data from Arkham Intelligence and Lookonchain revealed that Vitalik Buterin has resumed his ETH selling spree with another significant transaction. Analysts indicated that he withdrew a further 3,500 ETH (approximately $7 million) from Aave, likely with the intention of selling the assets. Earlier in the day, he had already sold 571 ETH for about $1.13 million.

After a two-week pause, @VitalikButerin is selling $ETH again!
Eight hours ago, he took out 3,500 $ETH ($6.95M) from Aave to sell. So far, he has sold 571 $ETH ($1.13M). https://t.co/pMvkZHjIyD https://t.co/DYpg3yFecJ Link
— Lookonchain @lookonchain February 22, 2026

CryptoPotato noted several similar instances in February where on-chain data indicated that he had started selling parts of his ETH holdings. A report from February 5 detailed that he had sold 2,961 ETH (valued at $6.6 million) within just three days. Subsequent reports indicated total sales had risen to 6,183 ETH, worth an estimated $13.2 million, with an average selling price of $2,140.

Arkham Intelligence continues to monitor Buterin’s wallet activity. Earlier this week, it noted that he still possessed over 240,000 ETH, valued at about $467 million as of that report. However, this data was pre the latest sales.

Meanwhile, ETH’s market price has been steadily declining for months. After peaking near $5,000 in late August last year, it faced a significant backlash, ending 2025 at around $3,000. A crash in late January and early February saw ETH drop below $1,800.

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Despite some recovery, ETH continues to hover below $2,000. Noted analyst Ali Martinez recently discussed a potential bullish flag formation, but warned that the inverted chart suggests a likely dip to under $1,400.