Ethereum co-founder Vitalik Buterin sold $3.67 million worth of ETH over two days, raising concerns about a potential price drop below $1,500 if selling pressure persists. Analysts warn that the sales could impact sentiment and trigger a broader wave of transactions this month, with Buterin selling roughly $16 million in ETH since early February.

Despite concerns, Buterin’s sales represent just 0.1% of Ethereum’s typical daily trading volume, which frequently reaches tens of billions of dollars. Traders worry about a crash if Buterin continues selling, but analysts believe the scale of his sales is relatively small compared to overall market liquidity, with Buterin remaining one of Ethereum’s largest individual holders.

Buterin’s recent sales have sparked worries about Ethereum’s long-term scaling strategy. He suggested that the network’s original rollup-centric roadmap is outdated, as Layer 2s should be viewed as part of a broader spectrum of networks. While some criticize Ethereum’s L2 roadmap as a “catastrophic failure,” others see Buterin’s vision aligning with “hard capital markets.”

Ethereum has faced sustained selling pressure, with ETH declining about 35.09% over the last month to around $1,970. The overall cryptocurrency market has also dropped, but negative headlines, including bridge security incidents and sizable ETH sales, continue to weigh on sentiment. Traders are closely watching Buterin’s sales for potential market impact.

Read more at Yahoo Finance: Will Ethereum Price Crash If Vitalik Buterin Keeps Selling? February’s $16M Sales Sparks Market Concerns