When Vitalik Buterin clicked "Sell" and the market responded with a "magnifying glass"

Since February 2nd, Vitalik Buterin has sold a total of 21,700 ETH, approximately $21.74 million. Once the news broke, the crypto community's reaction was akin to seeing a K-line waterfall: first a tense three seconds, then rushing to Twitter for emotional resonance.
But looking at it calmly, this is more like an "asset check-up." If most of your wealth is concentrated in a single asset, even if you're a blockchain genius, you need to consider risk diversification. In traditional publicly listed companies, founders reducing their holdings is a normal operation, but in the crypto market, such reductions are automatically translated into "faith halving."
In fact, $21.74 million is not a huge wave compared to the daily trading volume of the global crypto market. What truly causes volatility is the market’s emotional dependence on "symbolic figures." A single transfer by V神 is equivalent to pressing a "psychological amplifier" on the market.
Even more interesting is that every time a founder sells tokens, it is seen as a "top signal." But history shows that a founder’s selling activity does not simply correlate positively with price trends. The core variables influencing the market are macro liquidity, on-chain activity, and capital structure, not a single wallet.
If the market can quickly recover from this selling pressure, it indicates strong resilience; if prices weaken, it may not be due to selling alone, but rather the market’s inherent fatigue.
Conclusion? Instead of focusing on "how much he sold," it’s better to think about "why you are holding." A truly mature market will not lose direction because of one founder’s asset allocation. #Vitalik累计出售2.17万枚ETH