Vitalik Buterin has sold 17,000 ether, valued at approximately $43 million, through the CoW Protocol amid a significant 37% drop in ETH's price. The sales, executed in smaller transactions to minimize slippage, have reduced Buterin's wallet from 241,000 ETH to 224,000 ETH over the past month. This comes as ETH trades near $1,900, with more than 30% of its supply locked in staking at compressed yields of 2.8%. Buterin had previously announced the allocation of 16,384 ETH for privacy projects, intending to deploy the capital gradually over several years. The ongoing sell-off has added pressure to ETH, affecting corporate holders like Bitmine Immersion Technologies, which faces significant unrealized losses as ETH's value has plummeted by 60% over six months.