Vitalik Buterin Sells $3.67M in ETH Over Two Days as Web 4.0 Emerges

Vitalik Buterin Sells $3.67M in ETH Over Two Days as Web 4.0 Emerges

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News Editor 01
2026-07-10 12:26:13
Ethereum co-founder Vitalik Buterin sold 1,869 ETH ($3.67M) in two days, reigniting market interest. Meanwhile, Web 4.0 concept introduced by Sigil Wen envisages autonomous AI agents; Base declares independence from Optimism; Ethereum Foundation undergoes leadership changes and prepares Hegota upgrade with FOCIL mechanism.
Vitalik ButerinEthereumWeb 4.0BaseEthereum upgrade

Ethereum co-founder Vitalik Buterin has sold 1,869 ETH worth approximately $3.67 million over the past two days, reigniting market scrutiny of his wallet activity. The sales were executed across multiple addresses and did not cause significant price volatility. ETH is currently trading at $1,962, down 0.45% in the last 24 hours.

Web 4.0 Rises: Autonomous AI Agents

Researcher Sigil Wen has introduced the concept of Web 4.0, envisioning an internet era where AI agents autonomously read, write, and trade without human intervention. Wen's infrastructure project, Conway, enables AI agents to manage crypto wallets and pay for services independently. This paradigm shift could automate decentralized finance (DeFi) and reshape human-machine economic interactions. Conway remains in early development but has attracted developer interest through its modular API design.

Base Goes Independent: OP Stack Superchain Shaken

Coinbase's Layer 2 network Base has announced its technological independence from Optimism, planning to integrate its own sequencing and proof mechanisms. This move marks a significant shift within the OP Stack superchain ecosystem, as Base previously relied on Optimism's stack. Following the news, OP token rose 2.22%, while BASE gained 0.25%. Analysts warn that other OP Stack-based L2s might follow suit, potentially diluting the Optimism ecosystem's cohesion.

Ethereum Foundation Leadership Changes and Hegota Upgrade

The Ethereum Foundation is undergoing leadership restructuring ahead of the Hegota upgrade, which will introduce the FOCIL mechanism (Fork-choice-enforced Inclusion List) to prevent transaction censorship. Hegota is seen as a critical iteration post-PoS transition, enhancing network security and decentralization. Meanwhile, the foundation faces challenges from Layer-2 expansion and market questions about ETH's store-of-value proposition. Grayscale recently highlighted Ethereum, Solana, BNB, and Canton Network as potential beneficiaries of the CLARITY Act.

Buterin has not publicly commented on his ETH sales, which historically have been linked to personal financial planning or ecosystem development funding. While such whale movements warrant attention, traders are advised to avoid overreacting. With the convergence of Web 4.0 narratives, Base independence, and Ethereum upgrades, the crypto market may see structural shifts in the coming weeks.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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