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Vitalik Buterin Explains Why He Sold ETH, Puts Stricter Criteria for L2 Mentions

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Vitalik Buterin has sold 950 ETH worth $2.28 million in the last two weeks .

Vitalik.eth , a wallet associated with Vitalik , has continued selling Ether sparking concerns over the current liquidations.

The wallet has received a total of 3,800 Ether worth around $10 million from Vitalik .

Additional ETH sales conducted by the Metalpha group have sparked concerns of an ETH price dip under $2,000 .

The Ethereum co-founder recently stated that from 2025 , he would only publicly mention Layer 2 ( L2 ) solutions that have reached "stage 1 " or higher in development.