Vitalik Buterin Sells 55,000 KNC and 1.05B MUZZ in Two On‑Chain Trades
On December 20, on‑chain monitor Onchain Lens flagged two verified vault movements by Ethereum co‑founder Vitalik Buterin: a sale of 55,000 KNC for 12,150 USDC and a disposal of 1.05 billion MUZZ for 1.89 ETH (≈ $5,640 at reported prices). COINOTAG News corroborated the on‑chain records and described the transactions as disciplined portfolio rebalancing and liquidity management rather than directional market bets. Traders should note the exact sizes and counterpart assets (USDC, ETH), as such moves can briefly affect liquidity and sentiment in KNC and MUZZ markets. Monitor on‑chain follow‑ups, order‑book depth, and short‑term volume for signs of price impact or further vault rotations. Primary keywords: Vitalik Buterin, KNC sale, MUZZ sale, on‑chain sale. Secondary keywords: portfolio rebalancing, USDC, ETH, Onchain Lens, vault movement.
Neutral
The trades are relatively small in market‑value terms and were characterized by sources as portfolio rebalancing and liquidity management rather than directional selling. The KNC sale (55,000 KNC for 12,150 USDC) and MUZZ disposal (1.05B MUZZ for ~1.89 ETH) produced modest proceeds, so they are unlikely to cause sustained price declines. Short‑term effects are possible: reduced liquidity or temporary sell pressure as counterparties absorb the orders, plus sentiment shifts because the seller is a high‑profile figure. Traders should watch on‑chain follow‑ups, order‑book depth, and volume to assess immediate impact. Over the longer term, unless followed by larger or repeated disposals, these moves should remain a neutral signal for price direction.