Yeliz Akmaca 
Ethereum co-founder Vitalik Buterin accelerated his Ethereum (ETH) sales throughout February 2026, offloading more than 8,800 ETH during the month. At the same time, Ethereum inflows to Binance reached their highest level since November 2025. Declining staking demand has increased liquid ETH supply, putting short-term pressure on the price.
Vitalik Buterin ETH Selling Accelerated
Buterin’s sales began in early February. According to the disclosed plan, a total of 16,384 ETH will be strategically allocated toward long-term initiatives.
On X, Vitalik wrote:
“I have just withdrawn 16,384 ETH, which will be deployed toward these goals over the next few years. I am also exploring secure decentralized staking options that will allow even more capital from staking rewards to be put toward these goals in the long term.”
However, in February alone, amid already fragile market conditions, over 8,800 ETH worth approximately $18.45 million was sold.
According to blockchain analytics firm Lookonchain, Buterin sold 6,958 ETH, valued at $14.78 million, in early February. During this period, ETH dropped from $2,360 to $1,825, marking a 22.7% decline. In the past two days, he reportedly sold an additional 1,869 ETH, worth about $3.67 million. Lookonchain added: “During this period, ETH fell from $1,988 to $1,875, down 5.7%.”
Short-term price pressure was felt. Still, the broader market remains in a downtrend, and macro uncertainty along with low risk appetite continues to weigh on major assets.
After the recent sales, data from Arkham Intelligence shows Buterin still holds 224,105 ETH.
Short-term price pressure was felt. However, the broader market still remains in a downtrend. The effects of macro uncertainty and low risk appetite are clear… Historically, large ETH transfers have had significant impacts on price. For example, the 35,000 ETH transfer in May 2021 (worth approximately $125 million at the time) led to a roughly 50% decline in ETH price over a few weeks. Later, on November 11, 2021, the foundation transferred another 20,000 ETH ($95 million) to Kraken; in hindsight, this move coincided with a period when Ether’s price reached nearly $4,700 just before the next downturn.
Binance ETH Inflows Hit Multi-Month Highs
Buterin’s sales coincided with a sharp rise in Ethereum inflows to Binance. According to analysts, total inflows over the past 30 days reached around $33.3 billion, marking the highest level since November 2025.
Large exchange inflows are often linked to trading activity or potential selling pressure, as investors typically move assets to exchanges to execute trades. However, analysts note this should not be seen as inherently bearish.
“Sometimes elevated inflows reflect strategic repositioning by investors or readiness for higher trading activity during volatile periods. Moreover, strong inflows can precede price stability if the additional supply is absorbed by demand,” the analyst said.
The current inflow levels place the market in a sensitive phase. How ETH reacts to this shift will likely determine whether the inflows lead to continued selling pressure or a redistribution phase.
Sharp Decline in Staking Demand and Liquid Supply
BeInCrypto’s recent report highlighted a significant drop in Ethereum staking demand. Slower staking inflows may indicate a growing preference for liquidity during periods of uncertainty.
If net staking declines or reverses, it can increase circulating ETH supply, potentially adding to short-term selling pressure depending on market demand.
Together, rising exchange inflows and declining staking demand point to increased liquid supply and lower absorption, suggesting elevated short-term supply-side pressure.
Currently, ETH is trading around $1,880, down 5.35% over the past 24 hours, reflecting continued downward pressure.
Also In the comment section, you can freely share your comments and opinions about the topic. Additionally, don’ t forget to follow us on Telegram, YouTube, and Twitter for the latest news and updates instantly.