Buterin may have sold nearly $4 million in ether after FTX bankruptcy filing

A wallet known to be associated with Ethereum founder Vitalik Buterin sold 3,000 ether early Saturday, less than 24 hours after crypto exchange FTX filed for bankruptcy protection, according to Etherscan.

The ether was sold in three separate transactions on Uniswap at a price of $1,254.95, which would value the total outflow at about $3.8 million. The price of ether has declined 18.75% over the past week amid a broad selloff triggered by the FTX unraveling and is currently trading at $1,260.