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Shiba Inu (SHIB) Deja Vu? Vitalik Buterin Dumps 2 Meme Coins in One Shot
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Shiba Inu (SHIB) Deja Vu? Vitalik Buterin Dumps 2 Meme Coins in One Shot

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Ethereum creator Vitalik Buterin has exited meme coins yet again, selling two different tokens in just a few hours, as per Onchain Lens. On-chain data shows the famous crypto developer offloaded 150 billion Puppies tokens for 28.58 ETH equivalent to about $114,000 and 1 billion ERC20 tokens for $13,900 in USDC.

The sums are small in the grand scheme of Ethereum, but the action is all too familiar. Back in 2021, Buterin got billions of Shiba Inu (SHIB) tokens from the project’s creators, then sent a big chunk of it to India’s relief fund and burned the rest.

That decision sent the SHIB community into a state of shock, wiped out part of its supply and, despite the sell-off pressure, became one of the biggest hype stories of that bull run, pushing SHIB deeper into the public eye and cementing its place in crypto history.

Will Shiba Inu coin story repeat itself?

It remains to be seen if this week’s sales will show the same pattern. Buterin doesn’t keep meme tokens in his wallets for long. ERC20 took a 70% hit after his transactions, and Puppies, which had been in the spotlight recently, faced extra scrutiny once the sales were recorded on the blockchain and spread across trading groups.

SHIB/USD by CoinMarketCap

The upshot is always the same: Whenever Vitalik Buterin gets meme coins, he ends up selling them, and the market reacts straight away.

For traders, it’s just another reminder that tokens linked, even indirectly, to Ethereum’s creator don’t guarantee long-term holding, no matter how much short-term hype surrounds them.



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Ethereum Foundation dumps 10K ETH as price struggles at $4,300
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Ethereum Foundation dumps 10K ETH as price struggles at $4,300

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The Ethereum Foundation is once again preparing to part with a portion of its holdings. A planned sale of 10,000 ETH this month has drawn attention from across the crypto community, given its size and timing.

Summary

  • The Ethereum Foundation will sell 10,000 ETH this month.
  • Proceeds from the sale will be used for research, development, community grants, and charitable donations.
  • The sale is part of the Foundation’s structured treasury framework, which includes annual spending limits and quarterly ETH-to-fiat conversions.
  • Large sales by the Foundation, especially during price weakness, have historically drawn community scrutiny.

The Ethereum Foundation announced on X on September 2 that it will sell 10,000 ETH (ETH) this month, worth about $43 million at current prices. In the post, the Foundation said the proceeds will be used for research and development, community grants, and charitable donations, adding that the sale will take place over the coming weeks through centralized exchanges.

The sale is part of a treasury framework the Foundation introduced in June to guide how it manages its reserves. The policy sets annual spending limits and requires the Foundation to keep a multi-year buffer of funds.

It also outlines that ETH will be converted into fiat in scheduled tranches every three months, helping the organization plan its finances more predictably while still supporting ecosystem growth.

The planned dump on a broader trend of ETH sales already seen this year, including a 10,000 ETH over-the-counter transaction with SharpLink Gaming in July. Large-scale sales like these, particularly amid price weakness, have often drawn community scrutiny and debate over timing and market impact.

Amid ETH’s current struggles near $4,300, these concerns have resurfaced. However, the Foundation made it clear that the sales will be executed in multiple smaller trades to reduce market impact and avoid exerting downward pressure on ETH prices. 

ETH price struggles amid pullback

ETH is down about 1.4 % today, trading near $4,316 at press time. This extends its week-long downward trend, bringing its decline over the past seven days to 6.2% according to price data from crypto.news. 

Despite recent weakness, overall momentum remains strong. ETH is still up over 22% on the month, partly driven by a late-August rally that saw it touch fresh price highs above $4,900 after several months of underperformance.

Institutional demand for ETH remains strong, with firms like BitMine Immersion and SharpLink Gaming steadily accumulating billions of dollars’ worth of Ether week after week.

At the same time, Ethereum whales are scooping up on the dip. On-chain data from Santiment shows 260,000 ETH was accumulated in just 24 hours by addresses holding between 10,000 and 100,000 ETH, signaling continued confidence in ETH’s long-term prospects.

These trends suggest that the planned 10,000 ETH sale by the Foundation may not significantly affect prices. If institutional and whale buying persists, ETH could be positioned for a potential recovery.



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Crypto Trends

Bitcoin Whale Dumps $4 Billion In BTC, Here’s What They Bought

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Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

A Bitcoin whale has transferred approximately $4 billion worth of BTC into Ethereum, signaling a major shift in the crypto market. This sudden redirection of funds has sparked discussions about its implications for the future of both leading cryptocurrencies. With such a dramatic capital rotation, traders question whether Ethereum is poised to step into the spotlight again as BTC comes under mounting pressure. 

Whale Moves $4 Billion From Bitcoin To Ethereum

This week, the crypto world was shaken after news broke that a single Bitcoin whale rotated more than $4 billion worth of BTC into Ethereum. This unprecedented move, which saw the large-scale holder sell off a significant BTC position for ETH, has fueled speculation that Ethereum could be gearing up for a major price rally. As a result, Rekt Fencer, a crypto analyst has even predicted that ETH will soon reach as high as $15,000.

Notably, the whale’s $4 billion rotation has caught the attention of various crypto members, igniting heated debates across the community. One trader noted that the move could mark the beginning of a “rotation season,” when capital changes from one dominant asset into another. 

Other members echoed similar sentiments, highlighting that the sudden shift into Ethereum is not limited to a single whale, but is also observed among several long-time BTC holders now turning to ETH. Many market participants were quick to share their thoughts on the latest whale move. Some saw the rotation as evidence that these large-scale players may have access to insights that the broader retail crowd does not. 

Source: Chart from Rekt Fencer on X

Others suggested it could simply be a strategy to ignite momentum within the Ethereum market, attracting attention and volume while Bitcoin consolidates. Regardless of the motivation, ETH bulls are believed to be finally taking control, predicting a potential surge to $10,000 from its current price of $4,412. 

The timing could not be better for Ethereum, as the cryptocurrency has been seeing slow price growth following its previous rally. This unexpected surge in whale demand could accelerate momentum, potentially pushing ETH to a new all-time high. 

More Whales Exit BTC For ETH  

Multiple reports have indicated that whale rotation from BTC to ETH has become a broader trend. According to blockchain analytics firm CMDR, a whale recently sold approximately $435 million in Bitcoin before quickly converting nearly the same amount, $433 million, into Ethereum.  

Market expert Ash Crypto also noted that since August 20, Bitcoin OG addresses have dumped 35,991 BTC, worth just over $4 billion, in exchange for 886,371 ETH, valued at $4.07 billion. Supporting this momentum, crypto analyst Ali Martinez highlighted that whales have collectively bought more than 260,000 ETH in just the last 24 hours. 

Meanwhile, market observers like CryptoGoos revealed that Ethereum is rapidly disappearing from exchanges, signaling accumulation by big players and reduced availability for retail traders. 

BTC trading at $110,429 on the 1D chart | Source: BTCUSDT on Tradingview.com

Featured image from iStock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Bitcoin Whale Sitting on $5 Billion Dumps More BTC to Buy Ethereum

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In brief

  • A Bitcoin whale connected to wallets holding $5 billion in BTC is dumping some holdings for Ethereum.
  • The holder deposited at least 2,000 BTC on Hyperliquid, selling it in batches for ETH.
  • Other Bitcoin whales have played a similar trade of late as ETH rose to a new all-time high price.

A major Bitcoin holder deposited 2,000 Bitcoin—worth more than $216 million—to Hyperliquid’s exchange and methodically sold it into Ethereum, according to data from network block explorer Hypurrscan. 

The address ending in “eCb43” first received 1,000 BTC worth around $108 million across two transactions around 10:57 a.m. ET this morning. Shortly thereafter, the account began selling small batches of Bitcoin for Ethereum, often selling 1-1.5 BTC at a time and purchasing the corresponding amount in ETH until its Bitcoin was exhausted. 

It later re-upped with another 1,000 deposit, following the same playbook before ultimately transferring all of the Ethereum—more than 42,750 ETH—out of its wallet. 



On-chain analytics firm Arkham Intelligence has connected the address to others that collectively hold $5 billion worth of Bitcoin, and one that deposited at least $800 million worth of Bitcoin to Hyperunit on August 24. Hyperunit is a platform that allows native tokens like Bitcoin and Ethereum to be deposited and ultimately traded on Hyperliquid. 

“A whale holding over $5 billion of BTC is currently buying ETH. He just moved $1.1 billion of BTC to a new wallet and has started purchasing ETH through Hyperunit/HL,” Arkham posted on X. “This whale bought $2.5 billion of ETH last week, and he’s still buying.”

BREAKING: $5 BILLION BTC WHALE BUYING UP TO $1 BILLION $ETH

A whale holding over $5B of BTC is currently buying $ETH. He just moved $1.1 BILLION of BTC to a new wallet and has started purchasing ETH through Hyperunit/HL.

This whale bought $2.5 BILLION of ETH last week, and… pic.twitter.com/cMQWrYBmZb

— Arkham (@arkham) August 29, 2025

Last week, a Bitcoin whale played the same trade, opting to swap some of its BTC for a levered $75 million worth of long positions on ETH. 

Bitcoin whales have been coming alive of late. One Bitcoin billionaire recently made the largest transfer of “old BTC,” or coins which haven’t moved in 10 years, in history when it transferred more than $8 billion worth. 

Later, that same Bitcoin OG cashed out more than $9 billion of the top crypto asset, selling more than 80,000 Bitcoin acquired in the Satoshi-era via crypto asset firm, Galaxy Digital. 

Both Bitcoin and Ethereum are trading around 4% lower on Friday, changing hands for $108,196 and $4,318, respectively. 

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Crypto Trends

Bitcoin Whale Dumps $75 Million to Go Long on Ethereum

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In brief

  • A long-dormant Bitcoin whale, inactive for seven years, has reawakened to sell a portion of its Bitcoin holdings.
  • The investor used the proceeds to open massive leveraged long positions on Ethereum, a move experts view as a strategic bet on ETH’s future growth.
  • This rare transfer could increase market volatility, but analysts believe the current mature market is better equipped to absorb such large-scale events than in the past.

A long-dormant OG Bitcoin whale has opted to swap a portion of their holdings to open leveraged long positions on Ethereum.

The whale held 14,837 BTC worth $1.67 billion for more than seven years without a transaction until today.

On August 21, the dormant whale moved roughly 670 BTC, worth $75 million at current prices, and split it among four wallets to open leveraged long positions on Ethereum. This signals a major asset rotation with clear bullish sentiment for the second-largest token by market capitalization.

At the time of writing, ETH is changing hands for $4,296.25 after having gained 4.1% in the past day. It’s still 6.4% down from last week, when it was hovering near its all-time high.

“This transfer indicates the activation of old BTC whales,” Slava Demchuk, CEO of blockchain analysis firm AMLBot, told Decrypt. He noted that the whale’s decision to sell Bitcoin to open leveraged long positions on Ethereum signals a “strategic rotation into alternative assets due to expectations of growth.”

The whale initially sold 660 BTC on the decentralized exchange Hyperliquid and used the proceeds to open leveraged long positions.

Three out of the four long positions have a 10x leverage with a notional position size of $209 million.

At the time of writing, Bitcoin is trading for around $113,000, having gained 1.2% in the past day, but down 10% from its peak on August 14.

Crypto and U.S. equities have been retreating as investors book profits and de-risk ahead of Friday’s Jackson Hole symposium. Federal Reserve Chair Jerome Powell is scheduled to deliver a speech addressing concerns about inflation and providing guidance for the September rate decision.

According to experts who previously spoke to Decrypt, a rate cut has already been priced in. Only a surprise from the Federal Open Market Committee, the body that sets U.S. monetary policy, could trigger volatility.

Signs of a mature market

While such large-scale movements from dormant wallets can be a cause for concern among investors, Demchuk believes the market is more resilient than in the past.

He referenced a previous event in July 2025 where a Satoshi-era whale moved 80,000 BTC, worth roughly $8 billion, which led to a 5% price drop in Bitcoin.

This new activity, however, demonstrates that Bitcoin that was once considered lost is actually still available to its holder, which could increase supply and volatility.

“A mature market is better at absorbing such events,” Demchuk explained, suggesting that while the whale’s actions may introduce some short-term volatility, the overall ecosystem is now more capable of handling large transactions without a catastrophic price collapse.

Three other wallets from the Satoshi era have come alive in the past two months. The latest instance occurred on August 7, when the whale moved $349 million in BTC after a decade of inactivity.

July saw two such major moves with a $469 million transfer after 14 years of dormancy and the aforementioned $8 billion BTC transfer.

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