According to breaking news, Ethereum founder Vitalik Buterin has sold a large amount of Wrapped Ethereum (WETH), as seen in on-chain data.
WETH is a price-fixed cryptocurrency. $ETH can be exchanged with $ETH In a 1:1 ratio.
It appears that Vitalik Buterin sent WETH to Cow Protocol and withdrew the PYUSD stablecoin in return. Sales in the past hour reportedly reached $2.5 million. However, Buterin made multiple sales throughout the day.
Arkham data showing Vitalik Buterin's last-minute transfer.
*This is not investment advice.
