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The recent on-chain sale activity may be related to the donation plan mentioned by Vitalik Buterin on January 30. At that time, Vitalik stated he would "personally withdraw 16,384 ETH and use it for related purposes over the next few years." On-chain data shows that approximately 4 days ago, 16,384 ETH (worth about $44.75 million at the time) was transferred from his personal address to a multi-signature address and began selling today.